Live Oak Sponsor shifts 100,436 Class B shares
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Rhea-AI Filing Summary
Live Oak Sponsor V, LLC, a 10% owner of Live Oak Acquisition Corp. V, reported restructuring transfers of Class B ordinary shares around the closing of its business combination with Teamshares Inc. The Sponsor transferred 37,136 and 63,300 Class B shares to certain investors and SAFE investors. After these transfers, it held 5,649,564 Class B shares, which automatically convert into Class A ordinary shares on a one-for-one basis with no expiration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 63,300 | $0.00 | $0.00 |
| Other | Class B Ordinary Shares | 37,136 | $0.00 | $0.00 |
Footnotes (3)
- F1. Pursuant to certain Non-Redemption Agreements among the Sponsor and certain investors, the Sponsor transferred an aggregate of 37,136 Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), to such investors, in connection with the closing of the Issuer's business combination (the "Closing") with Teamshares Inc. ("Teamshares").
- F2. Pursuant to certain Share Transfer Agreements among the Sponsor and certain SAFE investors of Teamshares, the Sponsor transferred an aggregate of 63,300 Class B Shares to such investors, in connection with the Closing.
- F3. As described in the Issuer's registration statement on Form S-1 (File No. 333-284207) under the heading "Description of Securities--Founder Shares," the Class B Shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B Shares have no expiration date.
Key Figures
Key Terms
Non-Redemption Agreements financial
SAFE investors financial
business combination financial
FAQ
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What insider transactions did Live Oak Acquisition Corp. V (LOKV) report?
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Were the LOKV insider transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.