Live Oak Acquisition Corp. V seeks shareholder approval to consummate a business combination with Teamshares Inc. under an amended Form S-4 prospectus and proxy dated May 18, 2026. The transaction contemplates a domestication to Delaware, two-step mergers, and issuance of Combined Company common stock as merger consideration.
The Merger Agreement sets a baseline Merger Consideration of $525.0 million (plus any Interim Period Financing Transactions converted into Teamshares shares) with an illustrative per-share reference value of $10.00. The deal contemplates issuance of up to 6,000,000 Earnout Shares contingent on post-closing price targets and includes an Initial PIPE of 13,750,000 Live Oak Class A shares for aggregate proceeds of approximately $126.5 million (purchase price $9.20 per share). Post-closing ownership illustrations and trust-account cash (~$241.1 million as of March 31, 2026) are presented in the proxy.
Live Oak Acquisition Corp. V seeks shareholder approval to consummate a business combination with Teamshares Inc. under an amended Form S-4 prospectus and proxy dated May 18, 2026. The transaction contemplates a domestication to Delaware, two-step mergers, and issuance of Combined Company common stock as merger consideration.
The Merger Agreement sets a baseline Merger Consideration of $525.0 million (plus any Interim Period Financing Transactions converted into Teamshares shares) with an illustrative per-share reference value of $10.00. The deal contemplates issuance of up to 6,000,000 Earnout Shares contingent on post-closing price targets and includes an Initial PIPE of 13,750,000 Live Oak Class A shares for aggregate proceeds of approximately $126.5 million (purchase price $9.20 per share). Post-closing ownership illustrations and trust-account cash (~$241.1 million as of March 31, 2026) are presented in the proxy.
Live Oak Acquisition Corp. V reports a small net loss of $129,303 for the quarter ended March 31, 2026, much narrower than the prior-year loss driven by one-time advisory fees. Results mainly reflect $966,218 of general and administrative costs, partly offset by $2,101,884 of interest income on trust investments.
The SPAC holds $241,144,179 in its trust account, equal to about $10.39 per public share as of March 31, 2026, and $1,124,492 of cash outside the trust. It has a derivative liability of $16,539,057 tied to PIPE Subscription Agreements and records a non‑cash loss from their fair value increase.
The company has a signed merger agreement with Teamshares Inc., valuing Teamshares at $525,000,000 plus certain interim financing, and related PIPE commitments to buy shares at $9.20. Management discloses substantial doubt about its ability to continue as a going concern if no Business Combination is completed by March 3, 2027, though it intends to close the Teamshares deal before then.
Live Oak Acquisition Corp. V reports a small net loss of $129,303 for the quarter ended March 31, 2026, much narrower than the prior-year loss driven by one-time advisory fees. Results mainly reflect $966,218 of general and administrative costs, partly offset by $2,101,884 of interest income on trust investments.
The SPAC holds $241,144,179 in its trust account, equal to about $10.39 per public share as of March 31, 2026, and $1,124,492 of cash outside the trust. It has a derivative liability of $16,539,057 tied to PIPE Subscription Agreements and records a non‑cash loss from their fair value increase.
The company has a signed merger agreement with Teamshares Inc., valuing Teamshares at $525,000,000 plus certain interim financing, and related PIPE commitments to buy shares at $9.20. Management discloses substantial doubt about its ability to continue as a going concern if no Business Combination is completed by March 3, 2027, though it intends to close the Teamshares deal before then.
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 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 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 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 is seeking shareholder approval to consummate a business combination with Teamshares Inc. under an Agreement and Plan of Merger. The Merger Consideration is structured as $525.0 million (plus any interim financings) valued at $10.00 per share, with additional contingent Earnout Shares of up to 6,000,000 Combined Company Common Stock tied to post-closing price targets or a qualifying change-of-control during a five-year earnout period.
The proposal contemplates domestication of Live Oak into Delaware, two-step mergers, an Initial PIPE Investment of 13,750,000 shares for approximately $126.5 million, and issuance of founder, sponsor and warrant securities (including 5,750,000 sponsor shares and 4,500,000 sponsor warrants). Pro forma ownership assumptions (excluding Earnout Shares) show Public Shareholders ~26%, Sponsor ~4%, and Teamshares Stockholders ~55% immediately after Closing.
Live Oak Acquisition Corp. V is seeking shareholder approval to consummate a business combination with Teamshares Inc. under an Agreement and Plan of Merger. The Merger Consideration is structured as $525.0 million (plus any interim financings) valued at $10.00 per share, with additional contingent Earnout Shares of up to 6,000,000 Combined Company Common Stock tied to post-closing price targets or a qualifying change-of-control during a five-year earnout period.
The proposal contemplates domestication of Live Oak into Delaware, two-step mergers, an Initial PIPE Investment of 13,750,000 shares for approximately $126.5 million, and issuance of founder, sponsor and warrant securities (including 5,750,000 sponsor shares and 4,500,000 sponsor warrants). Pro forma ownership assumptions (excluding Earnout Shares) show Public Shareholders ~26%, Sponsor ~4%, and Teamshares Stockholders ~55% immediately after Closing.
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 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 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 is a Cayman Islands-based SPAC that completed an IPO of 23,000,000 units at $10.00 per unit, placing $231,150,000 in a Nasdaq-traded trust while it searches for a business combination.
On November 14, 2025 it signed a Merger Agreement to combine with Teamshares, a tech-enabled acquirer of small businesses with consolidated revenue over $400 million. Teamshares stockholders and in-the-money option holders are slated to receive shares of new common stock valued at $525,000,000 at $10.00 per share, plus any converted interim financing, with up to 6,000,000 additional earnout shares tied to future share-price targets or a qualifying change of control.
The deal is supported by a PIPE commitment for 13,695,652 shares at $9.20 per share for $126.0 million and requires at least $120,000,000 of combined trust and financing cash at closing. Live Oak must complete a business combination by March 3, 2027 or liquidate the trust, and public shareholders will have redemption rights at a per-share amount that was about $10.39 as of December 31, 2025.
Live Oak Acquisition Corp. V is a Cayman Islands-based SPAC that completed an IPO of 23,000,000 units at $10.00 per unit, placing $231,150,000 in a Nasdaq-traded trust while it searches for a business combination.
On November 14, 2025 it signed a Merger Agreement to combine with Teamshares, a tech-enabled acquirer of small businesses with consolidated revenue over $400 million. Teamshares stockholders and in-the-money option holders are slated to receive shares of new common stock valued at $525,000,000 at $10.00 per share, plus any converted interim financing, with up to 6,000,000 additional earnout shares tied to future share-price targets or a qualifying change of control.
The deal is supported by a PIPE commitment for 13,695,652 shares at $9.20 per share for $126.0 million and requires at least $120,000,000 of combined trust and financing cash at closing. Live Oak must complete a business combination by March 3, 2027 or liquidate the trust, and public shareholders will have redemption rights at a per-share amount that was about $10.39 as of December 31, 2025.
Live Oak Acquisition Corp. V director Somsak Chivavibul filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists him as a director of the company but does not report any buy, sell, acquire, or dispose transactions in this submission.
Live Oak Acquisition Corp. V director Somsak Chivavibul filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists him as a director of the company but does not report any buy, sell, acquire, or dispose transactions in this submission.