Every 8-K that Live Oak Acquisition Corp. V (LOKV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LOKV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LOKV filings page.
Teamshares Inc. completed its business combination with SPAC Live Oak Acquisition Corp. V, converting Live Oak into a Delaware corporation named Teamshares Inc. and treating Legacy Teamshares as the accounting acquirer in a reverse recapitalization.
The aggregate merger consideration was $525.0 million, paid in newly issued common stock and assumed vested options valued at $10.00 per share, totaling 52,500,000 Merger Consideration Shares. A concurrent PIPE financing added 13,750,000 shares of common stock for gross proceeds of about $126.5 million, and SAFE investments of roughly $6.3 million also converted into equity.
Post-closing, there were 71,985,774 shares of common stock and 16,000,000 warrants outstanding. Up to 6,000,000 Earnout Shares may be issued over five years if share-price targets between $12.00 and $20.00 are met, and new 2026 equity and ESPP plans reserve over 6.4 million shares for employee incentives.
Teamshares Inc. has begun trading on The Nasdaq Stock Market under the new ticker symbol TMS, marking its public market debut. The company also published an investor presentation outlining its acquisition-driven model focused on buying small businesses from retiring owners and sharing ownership with employees.
Teamshares describes itself as a tech-enabled acquiror of SMEs, combining a holding-company and fintech platform. It operates subsidiaries with consolidated revenue of $490 million across more than 40 industries and 30 states, and reports 2025 revenue of $472 million from traditional small businesses.
The presentation highlights a portfolio of over 90 companies and targets businesses generating $0.5–$5 million of EBITDA. Management presents Pro Forma Adjusted EBITDA improving from a loss of $(16) million in 2024 to $19 million in 2025, with projections of $60 million in 2026 and $100 million in 2027, driven by repeatable acquisitions and a proprietary software and data platform.
Live Oak Acquisition Corp. V reported that shareholders approved its business combination with Teamshares at an extraordinary general meeting. All 14 proposals, including the business combination, domestication, new charter, governance changes, incentive plans and director elections, received strong support, with around 20.3 million votes cast in favor of the key items.
Holders of 18,438,659 Class A ordinary shares elected to redeem for cash, leaving approximately $48.1 million in Live Oak’s trust account. Upon closing, the combined company will be renamed Teamshares Inc., and Live Oak investors will hold Teamshares Inc. shares and/or warrants expected to trade on Nasdaq under the symbols TMS and TMSWW. Teamshares operates subsidiaries with consolidated revenue of $490 million across more than 40 industries and 30 U.S. states.
Live Oak Acquisition Corp. V entered into Non-Redemption Agreements with unaffiliated shareholders and its sponsor in connection with its proposed business combination with Teamshares Inc. Under these agreements, investors agreed not to redeem an aggregate of 276,646 Class A ordinary shares at the June 16, 2026 extraordinary general meeting.
In return, Live Oak Sponsor V LLC will transfer an aggregate of 37,171 Class A founder shares to these investors at the closing of the merger, provided they honor their non-redemption commitments. The company states that these agreements are expected to reduce the number of public shares that may be redeemed in connection with the closing. The filing also reminds shareholders that a Registration Statement on Form S-4 is effective and that a Proxy Statement with voting details is available for the business combination.
Live Oak Acquisition Corp. V discloses that its SPAC trust would provide an approximate redemption price of $10.55 per public share if liquidated as of June 8, 2026. This figure is relevant for shareholders considering whether to redeem in connection with the proposed business combination with Teamshares Inc.
The filing also references a previously announced Forward Purchase Agreement with a fund sub-advised by JBA Asset Management, tied to the planned merger, and notes that a Form S-4 registration statement and proxy materials for the extraordinary general meeting are available for shareholders to review before voting on the transaction.
Live Oak Acquisition Corp. V entered into a Forward Purchase Agreement tied to its proposed business combination with Teamshares. The agreement allows an FPA investor to designate up to 4,000,000 public shares as "Subject Shares" for an over-the-counter prepaid share forward structure.
At closing of the merger, Live Oak will pay a Prepayment Amount from its trust account based on the Subject Shares multiplied by an Initial Price set five trading days before closing. The agreement runs for 24 months after closing and permits partial early terminations, with repayments based on a downward-only Reset Price.
The investor waives redemption rights on the Subject Shares, which may lower total redemptions in the de‑SPAC process. The filing discloses an approximate $10.54 per‑share redemption price if the trust were liquidated as of May 29, 2026, and notes that the structure is intended to comply with tender offer rules.
Live Oak Acquisition Corp. V entered into a Forward Purchase Agreement with HB Strategies LLC to support its proposed business combination with Teamshares Inc. The deal covers up to 4,000,000 public shares through an OTC prepaid share forward structure tied to the closing of the merger.
At business combination closing, Live Oak will pay a Prepayment Amount from its trust account, based on the number of subject shares and an Initial Price set five trading days before closing, with downward-only reset features during a 24‑month term. The FPA investor waives redemption rights on these shares, aiming to reduce redemptions, and the approximate trust redemption price per share as of May 29, 2026, was $10.54.
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.
Live Oak Acquisition Corp. V entered into a Second Amendment to its Merger Agreement with Teamshares Inc. as of May 13, 2026. This amendment modifies and clarifies certain mechanics of the previously agreed Business Combination between the parties in accordance with the original agreement.
The company states that these changes do not materially alter the economic terms or the overall structure of the Business Combination, and the original November 14, 2025 Agreement and Plan of Merger otherwise remains in full force and effect. Live Oak and Teamshares have also filed a Registration Statement on Form S‑4, first submitted on April 3, 2026 and amended on April 30, 2026, which includes a proxy statement/prospectus for Live Oak shareholders regarding the proposed transaction.
Live Oak Acquisition Corp. V has extended the deadline in its merger agreement with Teamshares Inc. for completing their proposed business combination. The outside date to close the deal moved from May 31, 2026 to July 15, 2026, giving both parties more time to satisfy or waive closing conditions.
Live Oak and Teamshares have filed a Registration Statement on Form S-4, including a joint proxy statement/prospectus for Live Oak shareholders relating to the business combination. Once the registration statement is declared effective by the SEC, definitive materials will be mailed to shareholders of record for the merger vote.
Live Oak Acquisition Corp. V filed an amended report to replace its prior Teamshares Inc. investor presentation with an updated version tied to their proposed business combination. The updated materials outline Teamshares as a tech-enabled acquiror of small and medium businesses and describe it as a “permanent home” for acquired companies.
The presentation highlights a pre-money equity value of $525 million, a pro forma enterprise value of $825 million, and a $126 million common equity PIPE at $9.20 per share. Teamshares reports 92 operating companies, 2025 revenue of $472 million, and forecasts Pro Forma Adjusted EBITDA rising from $19 million in 2025 to $100 million in 2027.
Management positions Teamshares as a programmatic acquiror targeting companies with EBITDA of $0.5–5 million, typically acquired at 4–6x EBITDA, and notes that 27–37% of purchase price has historically been recovered in unlevered cash within 24 months. Extensive risk factors, including substantial doubt about Teamshares’ ability to continue as a going concern absent successful refinancing and the business combination, accompany the forward-looking statements.
Live Oak Acquisition Corp. V updated its planned merger with Teamshares Inc. by signing a First Amendment to their Merger Agreement. Certain preferred shareholders of Teamshares may now elect a liquidation preference at closing and in return give up their right to future Earnout Shares.
The amendment also calls for the SPAC to assume both in-the-money vested and unvested Company stock options and convert them into options for SPAC common stock. Separately, a Second Letter Agreement Amendment allows up to 1,150,000 Incentive Founder Shares to be released from transfer restrictions at closing if they are used to secure interim financing or non‑redemption commitments from public shareholders.
Live Oak Acquisition Corp. V furnished an investor presentation from a March 31, 2026 investor day for its proposed business combination with Teamshares Inc. The materials describe Teamshares as a tech-enabled acquirer of small and mid-sized businesses and outline a programmatic acquisition model.
The presentation highlights a pro forma enterprise value of $825 million, a $126 million common equity PIPE at $9.20 per share, and a plan to grow pro forma adjusted EBITDA from $19 million in 2025 to $100 million in 2027. It also notes a targeted acquisition EBITDA multiple around the mid-single digits and a reported 22% return on equity metric for recent deals.
Extensive risk disclosures emphasize that results depend on completing the merger, managing redemptions, securing and refinancing debt, and maintaining exchange listing. The materials state that Teamshares’ auditor included a going concern explanatory paragraph tied to refinancing key credit facilities, and that forward-looking projections and non-GAAP measures involve significant assumptions.
Live Oak Acquisition Corp. V reported that its Board appointed Somak Chivavibul as a Class I director, effective February 25, 2026. The Board determined he is an independent director and named him to the audit committee and as chair of the compensation committee.
Chivavibul, age 59, brings over 25 years of experience in public company financial management, capital markets, strategic planning, and risk oversight, including senior finance roles at Navient and Sallie Mae. The company states there are no related-party transactions or family relationships involving him, and he entered into standard director letter and indemnification agreements similar to those of current officers and directors.
Live Oak Acquisition Corp. V (LOKV) reported that it held an investor call on November 14, 2025 to discuss its proposed business combination with Teamshares Inc. and has furnished the call transcript as an exhibit. The company and Teamshares plan to file a registration statement with the SEC that will include a proxy statement for Live Oak shareholders and a prospectus covering securities to be issued in connection with the transaction. After effectiveness, definitive materials will be mailed to shareholders of record, and investors are strongly urged to read the proxy statement/prospectus and related documents when available because they will contain important information about the proposed business combination.
Live Oak Acquisition Corp. V (LOKV) entered into a Merger Agreement to combine with Teamshares Inc.. The deal values the stock consideration at $525,000,000, with shares of Live Oak common stock valued at $10.00 per share, and may be increased by any Interim Period Financing that converts into Teamshares common stock.
The structure includes a Cayman-to-Delaware Domestication, followed by a two-step merger. Teamshares stockholders will receive Live Oak common stock, and in‑the‑money options will be assumed as Assumed Options. An earnout of up to 6,000,000 additional shares is tied to share‑price targets during a five‑year period, with full acceleration upon a qualifying change of control at $12.00 per share or more.
Concurrently, Live Oak entered PIPE Subscription Agreements for 13,695,652 shares at $9.20 per share for aggregate proceeds of $126.0 million, conditioned on closing. Closing conditions include shareholder approvals, SEC effectiveness of an S‑4, exchange listing approval, the Domestication, and a minimum cash condition of at least $120,000,000 (trust cash after redemptions plus Transaction Financings). Related agreements include voting support, lock‑ups (six months for significant holders; up to four years for management with early release triggers), an equity incentive plan reserving 5% of post‑close shares, registration rights, and sponsor founder‑share vesting/forfeiture mechanics.