Teamshares Inc. received an amended Schedule 13G/A from Aristeia Capital, L.L.C. stating that Aristeia no longer beneficially owns any of the company’s common stock. Aristeia reports ownership of 0 shares, representing 0.0% of the class, with no sole or shared voting or dispositive power over any shares.
The filing characterizes Aristeia as an institutional investment adviser organized in Delaware and confirms that its ownership has fallen to 5 percent or less of Teamshares’ common stock.
Teamshares Inc. reported Q2 2026 revenue of $148.7 million, up from $123.6 million a year earlier, driven mainly by product sales. Gross profit rose to $61.4 million, and the company recorded net income attributable to common stockholders of $9.1 million, versus a prior-year loss, helped by fair-value gains on earnout and warrant-related liabilities.
For the first six months, Teamshares still posted a net loss attributable to common stockholders of $13.6 million. Cash and cash equivalents increased to $113.4 million, supported by $159.5 million of SPAC merger proceeds, while total debt was $286.2 million. Management disclosed that substantial doubt exists about the company’s ability to continue as a going concern, citing negative operating cash flows and about $187.8 million of debt maturing within 12 months that current liquidity and forecast cash flows cannot cover without successful refinancing or new capital.
Teamshares Inc. reported strong growth for the quarter ended June 30, 2026. Revenue reached $148.7 million, up 20% year-over-year, while SME segment revenue and EBITDA also increased, reflecting both acquisitions and modest organic growth from existing subsidiaries.
The company generated quarterly net income of $9.5 million, a swing from a loss a year earlier, and delivered Adjusted EBITDA of $9.6 million, up 166% year-over-year. LTM Pro Forma Adjusted EBITDA was $21.2 million. Despite this, for the first six months of 2026 Teamshares still recorded a net loss of $13.3 million and negative free cash flow of $8.7 million, although both improved versus 2025.
Teamshares completed a business combination and PIPE that provided $132.4 million in gross proceeds and began trading on Nasdaq in June 2026. It repaid $33.9 million of debt in the quarter and a further $20.6 million afterward, ending June with $125.6 million in cash and cash equivalents and $615.7 million in total assets. The company has executed LOIs covering about $30 million of annual SME EBITDA and reaffirmed its 2026 Pro Forma Adjusted EBITDA guidance of $60 million, which assumes successful completion of additional financing transactions.
Hudson Bay Capital Management LP and Sander Gerber report beneficial ownership of Teamshares Inc common stock on a passive ownership basis. They report beneficial ownership of 4,065,634 shares of common stock, including 65,634 shares issuable upon exercise of warrants held by HB Strategies LLC.
This position represents 5.51% of Teamshares’ common stock, based on 73,660,538 shares outstanding as of June 18, 2026, as reported by the company. Voting and dispositive power over all reported shares is shared, with no sole voting or dispositive power reported. Mr. Gerber disclaims beneficial ownership of the securities held through the investment entities.
Teamshares Inc. is registering a mixed shelf covering up to 16,000,000 newly issued shares of common stock issuable upon warrant exercises and 19,663,254 existing shares, plus 4,500,000 warrants, for resale by selling securityholders.
The company will receive cash only if holders exercise warrants for cash; full cash exercise could raise about $184.0 million at a current exercise price of $11.50 per share, while no proceeds are received from resale securities. Registered resale shares equal roughly 26.7% of common stock outstanding, creating potential stock overhang.
Teamshares operates as a tech-enabled acquirer of SMEs with $0.5–$5 million of EBITDA, reporting over $400 million in consolidated revenue across more than 40 industries and 30 states. The business recently closed a SPAC merger with aggregate consideration of $525.0 million paid in stock and options and remains highly acquisition- and debt-dependent, with a need to refinance a sizable credit facility by late 2026. Significant earnout and founder share structures tie additional equity issuance to future share-price performance.
Teamshares Inc. reporting persons Live Oak Sponsor V, LLC and Richard Hendrix disclose beneficial ownership positions following the Business Combination and domestication. As of June 18, 2026, the Sponsor holds 5,124,781 shares and 4,500,000 warrants, with 9,624,781 voting/dispositive powers noted and a stated ownership percentage of 12.3% based on 73,660,538 shares outstanding.