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Teamshares (Nasdaq: TMS) announced that shareholders of Live Oak Acquisition Corp V approved the proposed business combination at an extraordinary general meeting. The transaction is expected to close in the coming week, subject to customary conditions, after which the combined company will be named Teamshares Inc.
Upon closing, Live Oak shareholders will hold shares and/or warrants in Teamshares Inc., expected to trade on Nasdaq under ticker symbols TMS for common stock and TMSWW for warrants.