If You Invested in LIVE OAK ACQUISITION CORP V (LOKVU)

Live Oak Acquisition Corp. V (trading on Nasdaq under the unit symbol LOKVU) is a special purpose acquisition company (SPAC) in the Financial Services sector, classified among shell companies. It is described as a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s units began trading on the Nasdaq Global Market under the ticker symbol LOKVU, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. According to its public offering disclosures, the warrants associated with these units are intended to become exercisable after the completion of an initial business combination and to remain outstanding for a defined period, subject to earlier redemption or liquidation.

Business purpose as a blank check company

Live Oak Acquisition Corp. V states that it may pursue an acquisition opportunity in any business or industry. As a SPAC, it raises capital through an initial public offering and places most of the proceeds in a trust account. The stated objective is to use these funds to complete a business combination with one or more operating companies, at which point the combined entity would continue as a publicly traded company.

The company is identified as the fifth SPAC sponsored by Live Oak Merchant Partners, which is described as an experienced team of operators and investors with a track record of public-market combinations. This sponsorship background is highlighted in transaction-related communications involving Live Oak Acquisition Corp. V.

Nasdaq listing and unit structure

In connection with its initial public offering, Live Oak Acquisition Corp. V announced that its units would be listed on Nasdaq under the symbol LOKVU. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Only whole warrants are exercisable, and no fractional warrants are issued or traded. The company has also indicated that, once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols LOKV and LOKVW, respectively.

The proceeds from the initial public offering and a simultaneous private placement of warrants were described as being placed in a trust account of the company. This trust structure is typical for SPACs and is referenced in the company’s offering-related communications.

Proposed business combination with Teamshares Inc.

Live Oak Acquisition Corp. V has announced that it entered into definitive agreements relating to a proposed business combination with Teamshares Inc., a tech-enabled acquiror of high-quality small- and medium-sized enterprises (SMEs). The parties describe this transaction as a business combination intended to accelerate Teamshares’ growth as a public company. In connection with this proposed combination, Live Oak Acquisition Corp. V and Teamshares announced that the combined company is expected to operate as Teamshares Inc. and to be listed on Nasdaq under the ticker TMS, with an additional ticker TMSW referenced for certain securities.

The company has also disclosed the confidential submission of a draft registration statement on Form S-4 with the U.S. Securities and Exchange Commission in connection with this proposed business combination. Completion of the transaction is described as being subject to shareholder approvals, SEC review, the effectiveness of the S-4 registration statement, and other customary closing conditions. As of the information provided, this transaction is proposed and subject to these conditions.

Capital structure and transaction-related financing

Communications relating to the proposed Teamshares transaction describe subscription agreements for committed common equity PIPE financing from institutional investors, alongside potential additional proceeds from the trust account of Live Oak Acquisition Corp. V, assuming no redemptions and before transaction expenses. These descriptions emphasize that the net proceeds of the business combination are expected to be used to acquire new operating subsidiaries and support growth for the combined company, as outlined in the transaction materials.

Role within the SPAC and shell company space

Within the Financial Services sector, Live Oak Acquisition Corp. V functions as a SPAC and is categorized among shell companies. Its primary activity, as stated in its public communications, is to identify and complete a business combination with one or more businesses. The company’s disclosures emphasize flexibility to pursue opportunities in any industry, and its announced proposed combination with Teamshares illustrates how it may seek to combine with an operating business that has its own platform, subsidiaries, and strategic focus.

Key characteristics for investors to understand

• Structure: Live Oak Acquisition Corp. V is a blank check company with units consisting of Class A ordinary shares and redeemable warrants.
• Sector and classification: It is part of the Financial Services sector and is classified as a shell company.
• Purpose: Its stated purpose is to complete a business combination with one or more businesses through merger, share exchange, asset acquisition, share purchase, reorganization, or a similar transaction.
• Listing: The units trade on Nasdaq under the symbol LOKVU, with expectations stated for separate listings of shares and warrants under LOKV and LOKVW.
• Proposed transaction: It has announced a proposed business combination with Teamshares Inc., subject to regulatory review, shareholder approval, and customary closing conditions.

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