STOCK TITAN

Teamshares–Live Oak (NASDAQ: LOKV) clear S-4 and set June 16 merger vote

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Live Oak Acquisition Corp. V outlined next steps toward its merger with Teamshares Inc. after their joint Registration Statement on Form S-4 was declared effective by the SEC on May 27, 2026. An extraordinary general meeting of Live Oak shareholders will be held virtually on June 16, 2026 for holders of record as of May 7, 2026 to vote on proposals related to the business combination.

The parties expect the transaction to close in mid-June 2026, subject to customary conditions and shareholder approvals. Upon completion, the combined company will be named Teamshares Inc., with securities expected to trade on Nasdaq under the tickers “TMS” and “TMSW.” Proceeds from a prior PIPE investment satisfy the minimum cash condition in the Merger Agreement. Teamshares, founded in 2019, is a tech-enabled acquiror of SMEs with subsidiaries generating consolidated revenue of $490 million, acquiring businesses with $0.5 to $5 million of EBITDA.

Positive

  • None.

Negative

  • None.

Insights

S-4 effectiveness and a set merger vote date advance the Teamshares–Live Oak de-SPAC toward an expected mid-June 2026 closing.

The effectiveness of the joint Registration Statement on Form S-4 for Live Oak Acquisition Corp. V and Teamshares confirms regulatory clearance for proxy and prospectus materials. The scheduled June 16, 2026 shareholder meeting for holders of record on May 7, 2026 is the key approval step for the business combination.

The press release notes that proceeds from a PIPE investment entered in November 2025 satisfy the Merger Agreement’s minimum cash condition, reducing one common closing risk for SPAC deals. The combined company is expected to list on Nasdaq as “TMS” and “TMSW” once the transaction closes.

Teamshares operates subsidiaries with consolidated revenue of $490 million, programmatically acquiring SMEs with $0.5 to $5 million of EBITDA. Future filings around and after the anticipated mid-June 2026 closing should provide more detail on the final capital structure, redemptions and post-merger financial profile.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Warrant exercise price $11.50 per share Each whole warrant exercisable for one Class A ordinary share
Target EBITDA range $0.5 to $5 million EBITDA range of companies Teamshares programmatically acquires
Teamshares consolidated revenue $490 million Revenue across Teamshares subsidiaries, over 40 industries and 30 states
S-4 effectiveness date May 27, 2026 Joint Registration Statement on Form S-4 declared effective by SEC
Shareholder meeting date June 16, 2026 Extraordinary general meeting to vote on business combination
Record date for vote May 7, 2026 Shareholders of record entitled to vote at extraordinary meeting
Expected closing timing Mid-June 2026 Anticipated consummation of the business combination, subject to conditions
Registration Statement on Form S-4 regulatory
"its joint registration statement on Form S-4 (the “Registration Statement”) with Live Oak Acquisition Corp. V"
A registration statement on Form S-4 is a formal filing with the U.S. Securities and Exchange Commission used when a company issues shares or other securities as part of a merger, acquisition, exchange offer or similar corporate deal. It bundles the transaction terms, financial statements, risk factors and shareholder vote materials so investors can assess the deal; think of it as a detailed prospectus or buyer’s packet that explains what you would own and how the deal could change your stake.
extraordinary general meeting regulatory
"an extraordinary general meeting of the Live Oak shareholders is expected to be held at 9:00 a.m. Eastern Time"
PIPE investment transaction financial
"proceeds to be delivered to Teamshares in connection with the Business Combination closing from a PIPE investment transaction entered into by Live Oak"
minimum cash condition financial
"proceeds … satisfy the “minimum cash condition” included in the Agreement and Plan of Merger"
A minimum cash condition is a contract clause that requires a company to hold at least a specified amount of cash or liquid assets before a transaction can close or a financing can proceed. Investors care because it protects against deals being completed when the business lacks enough cash to operate or meet short-term obligations—think of it as a safety buffer like keeping a minimum balance in a bank account so you don’t bounce payments after a big purchase.
Agreement and Plan of Merger regulatory
"included in the Agreement and Plan of Merger entered into by Teamshares and Live Oak as of November 14, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
SPAC financial
"is the fifth SPAC sponsored by Live Oak Merchant Partners, an experienced team of operators"
A special purpose acquisition company (SPAC) is a company formed specifically to raise money through an initial public offering (IPO) with the goal of buying or merging with an existing private company. For investors, a SPAC offers a way to invest in a potential future business without initially knowing which company it will acquire, making it a way to access new investment opportunities that might otherwise be difficult to invest in directly.
false 0002048951 0002048951 2026-05-27 2026-05-27 0002048951 LOKV:UnitsEachConsistingOfOneClassOrdinaryShareAndOnehalfOfOneRedeemableWarrantMember 2026-05-27 2026-05-27 0002048951 LOKV:ClassOrdinarySharesParValue0.0001PerShareMember 2026-05-27 2026-05-27 0002048951 LOKV:WarrantsEachWholeWarrantExercisableForOneClassOrdinaryShareAtExercisePriceOf11.50PerShareMember 2026-05-27 2026-05-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 27, 2026

 

LIVE OAK ACQUISITION CORP. V

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42540   61-2235506
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

4921 William Arnold Road     
Memphis TN   38117
(Address of principal executive offices)   (Zip Code)

 

(901) 270-3107

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant   LOKVU   The Nasdaq Stock Market LLC
         
Class A ordinary shares, par value $0.0001 per share   LOKV   The Nasdaq Stock Market LLC
         
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   LOKVW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01 Other Events.

 

On May 27, 2026,  Live Oak Acquisition Corp. V., a Cayman Islands exempted company (“Live Oak”) announced that an extraordinary general meeting (the “Meeting”) of Live Oak shareholders will be held for Live Oak shareholders of record as of May 7, 2026 (the “Record Date”) to consider and vote on proposals related to Live Oak’s previously announced initial business combination transaction (the “Business Combination”) with Teamshares Inc., a Delaware corporation (“Teamshares”). The Meeting will be held on June 16, 2026, at 9:00 a.m. Eastern Time, in a virtual meeting format at www.cstproxy.com/liveoakacqv.com/2026. For the purposes of the Live Oak governing documents, the Meeting may also be attended in person at Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105.  Only Live Oak shareholders of record as of the Record Date will be entitled to vote at the Meeting. Further information about the Meeting and how shareholders can vote their shares in connection with the Meeting is contained in Live Oak’s definitive proxy statement (the “Proxy Statement”) related to the proposed Business Combination filed with the Securities and Exchange Commission (the “SEC”). Shareholders are encouraged to review carefully the disclosures and voting information in the Proxy Statement in advance of the Meeting and to contact Sodali & Co, Live Oak’s proxy solicitor, with any questions or to obtain copies of proxy materials. Copies of the Proxy Statement and a registration statement on Form S-4 (the “Registration Statement”) filed by Live Oak, as registrant, and Teamshares, as co-registrant, are available, free of charge, at the SEC’s website accessible at SEC.gov.

 

On May 27, 2026, Live Oak issued a press release announcing the effectiveness of the Registration Statement for the proposed Business Combination, the Record Date for the Meeting and the scheduling of the Meeting. A copy of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Additional Information and Where to Find It

 

A Registration Statement on Form S-4 filed with the SEC by Live Oak and Teamshares has been filed with, and been declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). Live Oak has also filed or will file with the SEC a proxy statement setting forth proposals to be presented to Live Oak shareholders of record as of the Record Date at an extraordinary general meeting of Live Oak shareholders, which Proxy Statement also contains information about how to vote shares and how to attend the Shareholder Meeting. SHAREHOLDERS OF LIVE OAK AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT IN CONNECTION WITH LIVE OAK’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED BUSINESS COMBINATION BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT LIVE OAK, TEAMSHARES AND THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain copies of the Registration Statement and the Proxy Statement, without charge on the SEC’s website at www.sec.gov or by directing a request to: Live Oak Acquisition Corp. V, 4921 William Arnold Road, Memphis, TN, 38117 United States, Attn: Richard Hendrix, Chairman & Chief Executive Officer.

 

Participants in the Solicitation

 

Live Oak, Teamshares and their respective directors, executive officers and other members of their management and employees, as applicable, may be deemed to be participants in the solicitation of proxies from Live Oak’s shareholders in connection with the proposed Business Combination. Live Oak shareholders and other interested persons may obtain more detailed information regarding the names, affiliations and interests of certain of Live Oak’s directors and officers in the solicitation by reading Live Oak’s final prospectus filed with the SEC on February 28, 2025 in connection with Live Oak’s initial public offering, Live Oak’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on March 30, 2026, and Live Oak’s other public filings with the SEC, including the Registration Statement and the Proxy Statement. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination, which may, in some cases, be different from those of shareholders generally, are set forth in the Registration Statement relating to the proposed Business Combination. These documents can be obtained free of charge from the source indicated above.

 

1

 

 

Forward Looking Statements

 

This Current Report contains forward-looking statements within the meaning of the U.S. federal securities laws. Actual results of Live Oak, Teamshares and the public company resulting from the proposed Business Combination (the “Combined Company”) may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. No representations or warranties, express or implied are given in, or in respect of, this Current Report. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

 

These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement with respect to the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against the parties following the announcement of the proposed Business Combination and definitive agreements with respect thereto; (3) the inability to complete the proposed Business Combination, including due to failure to obtain approval of the shareholders of Teamshares and Live Oak or other conditions to Closing; (4) the inability to obtain or maintain the listing of Combined Company shares on Nasdaq or another national securities exchange following the proposed Business Combination; (5) the ability of Live Oak to remain current with its SEC filings; (6) the risk that the proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation of the proposed Business Combination; (7) the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of Live Oak and Teamshares after the Closing to grow and manage growth profitably and retain its key employees; (8) costs related to the proposed Business Combination; (9) changes in applicable laws or regulations; (10) the inability of Teamshares to implement business plans, forecasts, and other expectations after the completion of the proposed Business Combination; (11) the risk that additional financing in connection with the proposed Business Combination, or additional capital needed following the proposed Business Combination to support Teamshares’ business or operations, may not be raised on favorable terms or at all; (12) the evolution of the markets in which Teamshares competes; (13) the ability of Teamshares to implement its strategic initiatives and continue to innovate its existing products and services; (14) the level of redemptions of Live Oak’s public shareholders; and (15) other risks and uncertainties included in documents filed or to be filed with the SEC by Live Oak and/or Teamshares.

 

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Registration Statement referenced above and other documents filed by Live Oak and Teamshares from time to time with the SEC. These filings will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. There may be additional risks that neither Live Oak nor Teamshares presently knows, or that Live Oak and/or Teamshares currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. For these reasons, among others, investors and other interested persons are cautioned not to place undue reliance upon any forward-looking statements in this Current Report. Past performance by Live Oak’s or Teamshares’ management teams and their respective affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of Live Oak’s or Teamshares’ management teams or businesses associated with them as indicative of future performance of an investment or the returns that Live Oak or Teamshares will, or may, generate going forward. Neither Live Oak nor Teamshares undertakes any obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this Current Report, except as required by applicable law.

 

No Offer or Solicitation

 

This Current Report is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release, dated May 27, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

2

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

LIVE OAK ACQUISITION CORP. V  
   
By: /s/ Richard Hendrix  
Name:  Richard Hendrix  
Title: Chief Executive Officer  

 

Dated: May 29, 2026

 

 

3

 

Exhibit 99.1

 

Teamshares Announces S-4 Effectiveness in Anticipation of Nasdaq Listing

 

NEW YORK --(BUSINESS WIRE)-- Teamshares (the “Company”), a tech-enabled acquiror of SMEs announced that its joint registration statement on Form S-4 (the “Registration Statement”) with Live Oak Acquisition Corp. V (NASDAQ: LOKV) (“Live Oak”), filed with the Securities and Exchange Commission in connection with the proposed business combination between Teamshares and Live Oak (the “Business Combination”), was declared effective by the SEC on May 27, 2026.

 

The announcement marks a significant step towards the completion of the proposed Business Combination establishing Teamshares as a publicly-listed, permanent home for high-quality businesses undergoing ownership transitions.

 

Upon consummation of the Business Combination, the resulting public company (the “Combined Company”) will operate as “Teamshares Inc.”, securities of which are expected to trade on Nasdaq under the tickers “TMS” and “ TMSW”. Subject to satisfaction of customary closing conditions, including, without limitation, approval by Live Oak’s and Teamshares’ shareholders, the transaction is anticipated to be consummated mid-June 2026; proceeds to be delivered to Teamshares in connection with the Business Combination closing from a PIPE investment transaction entered into by Live Oak and applicable investors in November 2025 satisfy the “minimum cash condition” included in the Agreement and Plan of Merger entered into by Teamshares and Live Oak as of November 14, 2025 (as amended, and as may be further amended and supplemented, the “Merger Agreement”).

 

In connection with the Business Combination, an extraordinary general meeting of the Live Oak shareholders is expected to be held at 9:00 a.m. Eastern Time, on June 16, 2026, for shareholders of record as of the close of business on May 7, 2026 (the “Record Date”),the record date to vote on proposals to approve the transactions comprising the Business Combination. Further information about the extraordinary general meeting and associated voting procedures is or will be contained in a definitive proxy statement filed by Live Oak with the SEC (the “Proxy Statement”). Security holders are encouraged to review carefully the disclosures and voting information in the Proxy Statement in advance of the June 16, 2026, extraordinary general meeting.

 

Background Information on the Business Combination

 

As previously announced, Live Oak and Teamshares entered into an Agreement and Plan of Merger (as amended, and as may be further amended or supplemented, the “Merger Agreement) to consummate the Business Combination transaction further described in the Registration Statement, which the parties expect to be consummated in the coming weeks, subject to satisfaction of customary closing conditions. Additional information about the proposed Business Combination can be found in the Registration Statement filed by Live Oak and Teamshares with the SEC and in other public filings by Live Oak, which are available, free of charge, on the SEC’s website at sec.gov.

 

In connection with the Business Combination, Ellenoff Grossman & Schole LLP is serving as U.S. legal counsel to Live Oak and Latham & Watkins LLP is serving as legal counsel to Teamshares. Ogier is serving as special Cayman Islands counsel to Live Oak.

 

About Teamshares

 

Teamshares is a tech-enabled acquiror of SMEs, intending to be a permanent home when owners retire. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states.

 

About Live Oak Acquisition Corp. V

 

Live Oak Acquisition Corp. V (NASDAQ: LOKV) is the fifth SPAC sponsored by Live Oak Merchant Partners, an experienced team of operators and investors with a track record of successful public-market combinations. For more information, visit www.liveoakmp.com.

 

 

 

 

Extraordinary General Meeting to Approve Business Combination

 

Live Oak will hold an extraordinary general meeting of Live Oak’s shareholders (the “Shareholder Meeting”) at 9:00 a.m. Eastern Time, on June 16, 2026, for Live Oak shareholders of record as of May 7, 2026 (the “Record Date”), to approve proposals presented to the shareholders at the Shareholder Meeting related to the Business Combination with Teamshares. A Proxy Statement containing the proposals to be presented at the Shareholder Meeting has been or will be filed with the SEC; copied of the Proxy Statement will also be mailed to Live Oak shareholders of record as of the Record Date.

 

Notice of the Shareholder Meeting is also contained in a Current Report on Form 8-K to be filed with the SEC, which sets forth additional information. Information about how to attend the Shareholder Meeting and vote is set forth in the Proxy Statement. The Merger Agreement contains certain closing conditions customary for transactions similar to the Business Combination, which have been satisfied or waived or which the parties expect to be satisfied or waived. The Business Combination is expected to close shortly after the Shareholder Meeting.

 

Your Vote is Important. Live Oak shareholders are urged to read carefully the proxy materials, including, among other things, the reasons for the unanimous recommendation by Live Oak’s Board that shareholders of record as of the Record Date vote “FOR” ALL PROPOSALS included in the Proxy Statement in advance of the Shareholder Meeting.

 

The Shareholder Meeting of Live Oak shareholders will be held on June 16, 2026 at 9:00 a.m. Eastern Time, in a virtual meeting format at www.cstproxy.com/liveoakacqv/2026. For the purposes of the Live Oak governing documents, the Shareholder Meeting may also be attended in person at Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105. If you do not have internet capabilities, you can listen only to the meeting by dialing 1 800-450-7155 within the U.S. and Canada (toll-free), or +1 857-999-9155 outside the U.S. and Canada (standard rates apply) when prompted enter the pin number 9626291#. The Shareholder Meeting will be listen-only format and you will not be able to vote, be deemed present at the meeting or enter or ask questions during the meeting via telephone.

 

If you have questions about the proposals or if you need additional copies of this proxy statement/prospectus or the enclosed proxy card you should contact Live Oak’s proxy solicitor at:

 

Sodali & Co.

333 Ludlow Street, 5th Floor, South Tower

Stamford, CT 06902

Tel: (800) 662-5200 (toll-free) or (203) 658-9400 (banks and brokers can call collect)

Email: LOKV.info@investor.sodali.com

 

Live Oak shareholders whose shares are held of record by a broker, bank, or other nominee should contact their broker, bank, or nominee to ensure that their shares are voted. To obtain timely delivery of copies of proxy materials, Live Oak shareholders must request the materials no later than June 9, 2026.

 

Your vote FOR ALL proposals is important, no matter how many or how few shares you own.

 

Additional Information and Where to Find It

 

A Registration Statement on Form S-4 filed with the SEC by Live Oak and Teamshares has been filed with, and been declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). Live Oak has also filed or will file with the SEC a proxy statement setting forth proposals to be presented to Live Oak shareholders of record as of the Record Date at an extraordinary general meeting of Live Oak shareholders, which Proxy Statement also contains information about how to vote shares and how to attend the Shareholder Meeting. SHAREHOLDERS OF LIVE OAK AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT IN CONNECTION WITH LIVE OAK’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT LIVE OAK, TEAMSHARES AND THE BUSINESS COMBINATION. Shareholders are able to obtain copies of the Registration Statement and the Proxy Statement, without charge on the SEC’s website at www.sec.gov or by directing a request to: Live Oak Acquisition Corp. V, 4921 William Arnold Road, Memphis, TN, 38117 United States, Attn: Richard Hendrix, Chairman & Chief Executive Officer.

 

2

 

 

Participants in the Solicitation

 

Live Oak, Teamshares and their respective directors, executive officers and other members of their management and employees, as applicable, may be deemed to be participants in the solicitation of proxies from Live Oak’s shareholders in connection with the proposed Business Combination. Live Oak shareholders and other interested persons may obtain more detailed information regarding the names, affiliations and interests of certain of Live Oak’s directors and officers in the solicitation by reading Live Oak’s final prospectus filed with the SEC on February 28, 2025 in connection with Live Oak’s initial public offering, Live Oak’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on March 30, 2026, and Live Oak’s other public filings with the SEC, including the Registration Statement and the Proxy Statement. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination, which may, in some cases, be different from those of shareholders generally, are set forth in the Registration Statement relating to the Business Combination. These documents can be obtained free of charge from the source indicated above.

 

Forward Looking Statements

 

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Actual results of Live Oak, Teamshares and the public company resulting from the Business Combination (the “Combined Company”) may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. No representations or warranties, express or implied are given in, or in respect of, this communication. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

 

These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement with respect to the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against the parties following the announcement of the proposed Business Combination and definitive agreements with respect thereto; (3) the inability to complete the proposed Business Combination, including due to failure to obtain approval of the shareholders of Teamshares and Live Oak or other conditions to Closing; (4) the inability to obtain or maintain the listing of Combined Company shares on Nasdaq or another national securities exchange following the proposed Business Combination; (5) the ability of Live Oak to remain current with its SEC filings; (6) the risk that the proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation of the proposed Business Combination; (7) the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of Live Oak and Teamshares after the Closing to grow and manage growth profitably and retain its key employees; (8) costs related to the proposed Business Combination; (9) changes in applicable laws or regulations; (10) the inability of Teamshares to implement business plans, forecasts, and other expectations after the completion of the proposed Business Combination; (11) the risk that additional financing in connection with the proposed Business Combination, or additional capital needed following the proposed Business Combination to support Teamshares’ business or operations, may not be raised on favorable terms or at all; (12) the evolution of the markets in which Teamshares competes; (13) the ability of Teamshares to implement its strategic initiatives and continue to innovate its existing products and services; (14) the level of redemptions of Live Oak’s public shareholders; and (15) other risks and uncertainties included in documents filed or to be filed with the SEC by Live Oak and/or Teamshares.

 

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Registration Statement referenced above and other documents filed by Live Oak and Teamshares from time to time with the SEC. These filings will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. There may be additional risks that neither Live Oak nor Teamshares presently knows, or that Live Oak and/or Teamshares currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. For these reasons, among others, investors and other interested persons are cautioned not to place undue reliance upon any forward-looking statements in this communication. Past performance by Live Oak’s or Teamshares’ management teams and their respective affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of Live Oak’s or Teamshares’ management teams or businesses associated with them as indicative of future performance of an investment or the returns that Live Oak or Teamshares will, or may, generate going forward. Neither Live Oak nor Teamshares undertakes any obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this communication, except as required by applicable law.

 

No Offer or Solicitation

 

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

Contacts

Investor Relations: Investors@teamshares.com

Press: Press@teamshares.com

 

 

3

 

FAQ

What did Live Oak Acquisition Corp. V (LOKV) announce regarding its merger with Teamshares?

Live Oak Acquisition Corp. V announced that its joint Form S-4 Registration Statement with Teamshares was declared effective and set June 16, 2026 for a shareholder meeting to vote on the proposed business combination, with shareholders of record as of May 7, 2026 eligible to vote.

When is the LOKV shareholder meeting to approve the Teamshares business combination and who can vote?

The extraordinary general meeting is scheduled for June 16, 2026 at 9:00 a.m. Eastern Time, in virtual format. Only Live Oak Acquisition Corp. V shareholders of record as of the close of business on May 7, 2026 are entitled to vote on the business combination proposals.

What does Form S-4 effectiveness mean for the Live Oak (LOKV) and Teamshares merger?

Effectiveness of the joint Form S-4 means the SEC has cleared the registration and proxy materials for use. This allows Live Oak and Teamshares to formally solicit shareholder votes on the business combination and move toward an expected closing in mid-June 2026, subject to remaining conditions.

What Nasdaq tickers will the combined Teamshares and Live Oak company trade under after closing?

Upon consummation of the business combination, the resulting public company will operate as Teamshares Inc. Its securities are expected to trade on Nasdaq under the tickers “TMS” for common equity and “TMSW” for warrants, replacing Live Oak Acquisition Corp. V’s current symbols.

How does the PIPE investment affect the LOKV–Teamshares business combination closing conditions?

The press release states that proceeds from a PIPE investment transaction entered into in November 2025 will be delivered to Teamshares at closing and satisfy the “minimum cash condition” in the Merger Agreement, removing a key financing-related hurdle for completing the business combination.

What is Teamshares and what scale of business will the combined company represent?

Teamshares is described as a tech-enabled acquiror of small and medium enterprises, targeting companies with $0.5 to $5 million of EBITDA. Its subsidiaries generate consolidated revenue of $490 million across more than 40 industries and 30 U.S. states, forming the operating base for the post-merger company.

What securities are currently listed for Live Oak Acquisition Corp. V (LOKV)?

Live Oak Acquisition Corp. V lists units, Class A ordinary shares and warrants on Nasdaq. Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share, trading under the symbol LOKVW, alongside LOKV and LOKVU for shares and units.

Filing Exhibits & Attachments

5 documents