Live Oak Acquisition Corp. V (LOKV) sponsor converts 5.1M shares and acquires 4.5M warrants
Rhea-AI Filing Summary
Live Oak Sponsor V, LLC, a former 10% owner of Live Oak Acquisition Corp. V (now Teamshares’ parent), reported equity restructurings tied to the company’s business combination and domestication. The Sponsor converted 5,124,547 Class B Ordinary Shares into the same number of Common Stock shares and now holds that amount directly.
It also acquired 4,500,000 warrants, each exercisable for one share of Common Stock at $11.50 per share, expiring on June 18, 2031, held indirectly. Footnotes note that 1,150,000 shares and 524,781 shares are subject to potential forfeiture based on stock price and other conditions in a Sponsor Letter Agreement, and that 524,783 shares were previously forfeited to the issuer for no consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,124,547 shares
Net Buy
3 txns
Insider
Live Oak Sponsor V, LLC
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares | 5,124,547 | $0.00 | $0.00 |
| Grant/Award | Warrants | 4,500,000 | $0.00 | $0.00 |
| Conversion | Common Stock | 5,124,547 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Ordinary Shares — 0 shares (Direct);
Warrants — 4,500,000 shares (Indirect, See Footnote);
Common Stock — 5,124,547 shares (Direct)
Footnotes (4)
- F1. Represents securities received as part of the Issuer's business combination (the "Merger"), in connection with the Agreement and Plan of Merger, dated November 14, 2025, as amended (the "Merger Agreement"), by and among the Issuer (formerly known as Live Oak Acquisition Corp. V), the Reporting Person, Teamshares Inc. and the other parties thereto.
- F2. As contemplated in the Merger Agreement, the Issuer's Class B Ordinary Shares converted into shares of Class B Common Stock pursuant to the domestication of the Issuer from a Cayman Islands company to a Delaware corporation, and subsequently converted into shares of Common Stock in connection with the closing of the Merger.
- F3. 1,150,000 shares are subject to forfeiture if certain stock price thresholds are not achieved, and 524,781 shares are subject to forfeiture as detailed in the Sponsor Letter Agreement, dated November 14, 2025, between the Issuer (formerly known as Live Oak Acquisition Corp. V) and the Reporting Person (the "Sponsor Letter Agreement").
- F4. Reflects 524,783 shares that were forfeited by the Reporting Person to the Issuer for no consideration pursuant to the Sponsor Letter Agreement, which was exempt from reporting pursuant to Rule 16a-4(d).
Key Figures
Common shares after conversion: 5,124,547 shares
Warrants acquired: 4,500,000 warrants
Warrant exercise price: $11.50 per share
+4 more
7 metrics
Common shares after conversion
5,124,547 shares
Common Stock held directly following Class B conversion
Warrants acquired
4,500,000 warrants
Derivative position acquired, exercisable for Common Stock
Warrant exercise price
$11.50 per share
Conversion or exercise price of warrants
Warrant expiration
June 18, 2031
Expiration date of acquired warrants
Shares subject to price-based forfeiture
1,150,000 shares
Forfeiture conditions under Sponsor Letter Agreement
Additional shares subject to forfeiture
524,781 shares
Forfeiture terms referenced in Sponsor Letter Agreement
Previously forfeited shares
524,783 shares
Shares forfeited to issuer for no consideration
Key Terms
Agreement and Plan of Merger, domestication, Class B Ordinary Shares, Sponsor Letter Agreement, +2 more
6 terms
Agreement and Plan of Merger regulatory
"in connection with the Agreement and Plan of Merger, dated 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.
domestication regulatory
"pursuant to the domestication of the Issuer from a Cayman Islands company to a Delaware corporation"
Domestication is the legal process by which a company changes its official ‘legal home’ from one place to another without creating a new business entity, similar to moving a household’s registration from one city to another while keeping the same people and possessions. It matters to investors because it can alter which laws, tax rules, reporting standards and shareholder rights apply, potentially affecting costs, governance and the value or liquidity of the company’s shares.
Sponsor Letter Agreement financial
"as detailed in the Sponsor Letter Agreement, dated November 14, 2025"
forfeiture financial
"shares are subject to forfeiture if certain stock price thresholds are not achieved"
Rule 16a-4(d) regulatory
"which was exempt from reporting pursuant to Rule 16a-4(d)"
FAQ
What insider transactions did Live Oak Sponsor V, LLC report for LOKV?
Live Oak Sponsor V, LLC reported converting 5,124,547 Class B Ordinary Shares into 5,124,547 Common Stock shares and acquiring 4,500,000 warrants. These actions occurred in connection with the issuer’s domestication and its business combination under the November 14, 2025 Merger Agreement.
What are the terms of the warrants acquired by Live Oak Sponsor V, LLC in LOKV?
The Sponsor acquired 4,500,000 warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share. The warrants expire on June 18, 2031 and are held indirectly, with the underlying security described as Common Stock in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
