Teamshares and Live Oak Submit SEC Filing for Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2026
0mins
Teamshares and Live Oak Acquisition Corp. V announced the filing with the U.S. Securities and Exchange Commission of their joint registration statement on Form S-4 in connection with their proposed business combination. The Registration Statement includes a preliminary proxy statement/prospectus and has not yet been declared effective. The information contained therein is subject to change. As previously announced on November 14, 2025, Teamshares intends to become a publicly traded company through the proposed business combination. At closing, the combined company is expected to operate as "Teamshares Inc." and is expected to be listed on Nasdaq under ticker "TMS." The proposed business combination remains subject to approval by Live Oak Acquisition Corp. V shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The proposed business combination is expected to close in Q2 of 2026.
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Analyst Views on LOKV
About LOKV
Live Oak Acquisition Corp. V is a blank check company. The Company is 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. It has not selected any specific business combination target, and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with the Company. The Company has neither engaged in any operations nor generated any revenue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Trading Information: Teamshares' business combination with Live Oak Acquisition Corp. V was completed on June 19, 2026, with common stock and warrants expected to begin trading on Nasdaq under the ticker symbols TMS and TMSWW on June 23, 2026, marking a significant milestone in the company's public market entry.
- Funding Background: The merger was supported by a $126.5 million common equity PIPE led by T. Rowe Price Investment Management, with participation from other institutional investors and management, reflecting strong market confidence in Teamshares' business model.
- Operational Model: Teamshares focuses on acquiring SMEs with EBITDA between $0.5 million and $5 million, aiming to provide a permanent home for retiring owners while integrating them into its platform to help employees earn company stock, thereby enhancing employee engagement and motivation.
- Financial Performance: Since its founding in 2019, Teamshares has operated subsidiaries across over 40 industries in 30 states, with projected consolidated revenue of $490 million post-merger, showcasing robust market potential and expansion capabilities.
See More
Teamshares to Participate in Northland Growth Conference
- Conference Participation: Teamshares will participate in the Northland Growth Conference on June 23, 2026, where management will engage in one-on-one meetings with investors, showcasing the company's future strategic direction and enhancing investor confidence.
- Ticker Change: On the same day, Teamshares' common stock ticker will change from LOKV to TMS, aimed at increasing market recognition and reflecting the strategic direction of the company's rebranding efforts.
- Financial Performance: Teamshares operates across over 40 industries and 30 states, with consolidated revenue of $490 million, indicating strong growth potential in the SME acquisition market.
- Company Background: Founded in 2019, Teamshares focuses on acquiring SMEs with EBITDA between $0.5 million and $5 million, helping employees earn company stock, which underscores its commitment to employee interests and long-term growth.
See More
Teamshares to Begin Trading on Nasdaq Following Business Combination
- Trading Start Date: Teamshares (LOKV) announced that its common stock and warrants will begin trading on Nasdaq under the symbols TMS and TMSWW on June 23, marking the completion of its business combination with Live Oak Acquisition.
- Funding Support: The transaction is backed by a $126.5 million PIPE financing led by accounts advised by T. Rowe Price Investment Management, which not only provides robust financial support for the listing but also enhances market confidence in the company's future growth.
- Ticker Symbol Change: Following the merger, Teamshares' stock will change from LOKV and LOKVW to TMS and TMSWW, a shift that is expected to improve brand recognition and attract more investor interest.
- Market Outlook: With the listing approaching, Teamshares anticipates leveraging its newly acquired capital and market visibility to accelerate business expansion and innovation, thereby positioning itself more favorably in a competitive landscape.
See More
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Business Combination Completed: Teamshares Inc. successfully completed its business combination with Live Oak Acquisition Corp. V on June 19, 2026, following shareholder approval on June 16, marking a significant expansion in Teamshares' SME acquisition strategy.
- Capital Injection: The merger provided Teamshares with an additional $126.5 million in capital raised through a concurrent common stock PIPE with institutional investors and management, enhancing the company's financial strength to support future acquisitions.
- Legal and Financial Advisors: During the merger process, Ellenoff Grossman & Schole LLP served as U.S. legal counsel for Live Oak, while Latham & Watkins LLP provided legal support for Teamshares, with Santander US Capital Markets LLC acting as financial advisor, ensuring a smooth transaction.
- Company Background: Since its founding in 2019, Teamshares has operated across 30 states and over 40 industries, achieving consolidated revenue of $490 million, aiming to provide a permanent home for retiring business owners while enabling employees to earn company stock, showcasing its unique position in the SME acquisition market.
See More
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Merger Completion: Teamshares Inc. has officially completed its business combination with Live Oak Acquisition Corp. V on June 19, 2026, following shareholder approval on June 16, marking a strategic expansion in the SME acquisition space.
- Capital Injection: The merger has provided Teamshares with an additional $126.5 million in capital raised through a PIPE transaction with institutional investors and management, significantly enhancing the company's financial strength to support future acquisition plans.
- Legal and Financial Advisors: During the merger process, Ellenoff Grossman & Schole LLP and Latham & Watkins LLP served as legal counsel for Live Oak and Teamshares respectively, while Santander US Capital Markets LLC acted as financial and capital markets advisor, ensuring the smooth execution of the transaction.
- Business Background: Since its founding in 2019, Teamshares has operated subsidiaries across 30 states and over 40 industries, achieving consolidated revenue of $490 million, and aims to provide a permanent home for retiring business owners while helping employees earn company stock.
See More
Teamshares and Live Oak Merger Approved by Shareholders
- Shareholder Approval: Live Oak Acquisition Corp. V shareholders voted to approve the business combination with Teamshares at an extraordinary general meeting, marking a significant milestone that is expected to enhance Teamshares' position in the SME acquisition market.
- New Entity Name: Upon completion of the merger, the continuing entity will be named “Teamshares Inc.”, with existing Live Oak shareholders holding shares and/or warrants in Teamshares Inc., which is anticipated to improve its market performance on Nasdaq.
- Merger Agreement Details: The merger agreement signed between Teamshares and Live Oak has been approved by the U.S. Securities and Exchange Commission, with expectations to close in the coming week, subject to customary closing conditions, reflecting confidence from both parties in the transaction.
- Financial Advisory Support: Santander US Capital Markets LLC is serving as financial and capital markets advisor to Teamshares, ensuring effective capital flow and market strategy implementation during the merger process, further solidifying Teamshares' market position.
See More
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Trading Information: Teamshares' business combination with Live Oak Acquisition Corp. V was completed on June 19, 2026, with common stock and warrants expected to begin trading on Nasdaq under the ticker symbols TMS and TMSWW on June 23, 2026, marking a significant milestone in the company's public market entry.
- Funding Background: The merger was supported by a $126.5 million common equity PIPE led by T. Rowe Price Investment Management, with participation from other institutional investors and management, reflecting strong market confidence in Teamshares' business model.
- Operational Model: Teamshares focuses on acquiring SMEs with EBITDA between $0.5 million and $5 million, aiming to provide a permanent home for retiring owners while integrating them into its platform to help employees earn company stock, thereby enhancing employee engagement and motivation.
- Financial Performance: Since its founding in 2019, Teamshares has operated subsidiaries across over 40 industries in 30 states, with projected consolidated revenue of $490 million post-merger, showcasing robust market potential and expansion capabilities.
See More
Teamshares to Participate in Northland Growth Conference
- Conference Participation: Teamshares will participate in the Northland Growth Conference on June 23, 2026, where management will engage in one-on-one meetings with investors, showcasing the company's future strategic direction and enhancing investor confidence.
- Ticker Change: On the same day, Teamshares' common stock ticker will change from LOKV to TMS, aimed at increasing market recognition and reflecting the strategic direction of the company's rebranding efforts.
- Financial Performance: Teamshares operates across over 40 industries and 30 states, with consolidated revenue of $490 million, indicating strong growth potential in the SME acquisition market.
- Company Background: Founded in 2019, Teamshares focuses on acquiring SMEs with EBITDA between $0.5 million and $5 million, helping employees earn company stock, which underscores its commitment to employee interests and long-term growth.
See More
Teamshares to Begin Trading on Nasdaq Following Business Combination
- Trading Start Date: Teamshares (LOKV) announced that its common stock and warrants will begin trading on Nasdaq under the symbols TMS and TMSWW on June 23, marking the completion of its business combination with Live Oak Acquisition.
- Funding Support: The transaction is backed by a $126.5 million PIPE financing led by accounts advised by T. Rowe Price Investment Management, which not only provides robust financial support for the listing but also enhances market confidence in the company's future growth.
- Ticker Symbol Change: Following the merger, Teamshares' stock will change from LOKV and LOKVW to TMS and TMSWW, a shift that is expected to improve brand recognition and attract more investor interest.
- Market Outlook: With the listing approaching, Teamshares anticipates leveraging its newly acquired capital and market visibility to accelerate business expansion and innovation, thereby positioning itself more favorably in a competitive landscape.
See More
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Business Combination Completed: Teamshares Inc. successfully completed its business combination with Live Oak Acquisition Corp. V on June 19, 2026, following shareholder approval on June 16, marking a significant expansion in Teamshares' SME acquisition strategy.
- Capital Injection: The merger provided Teamshares with an additional $126.5 million in capital raised through a concurrent common stock PIPE with institutional investors and management, enhancing the company's financial strength to support future acquisitions.
- Legal and Financial Advisors: During the merger process, Ellenoff Grossman & Schole LLP served as U.S. legal counsel for Live Oak, while Latham & Watkins LLP provided legal support for Teamshares, with Santander US Capital Markets LLC acting as financial advisor, ensuring a smooth transaction.
- Company Background: Since its founding in 2019, Teamshares has operated across 30 states and over 40 industries, achieving consolidated revenue of $490 million, aiming to provide a permanent home for retiring business owners while enabling employees to earn company stock, showcasing its unique position in the SME acquisition market.
See More
Teamshares Completes Business Combination with Live Oak Acquisition Corp. V
- Merger Completion: Teamshares Inc. has officially completed its business combination with Live Oak Acquisition Corp. V on June 19, 2026, following shareholder approval on June 16, marking a strategic expansion in the SME acquisition space.
- Capital Injection: The merger has provided Teamshares with an additional $126.5 million in capital raised through a PIPE transaction with institutional investors and management, significantly enhancing the company's financial strength to support future acquisition plans.
- Legal and Financial Advisors: During the merger process, Ellenoff Grossman & Schole LLP and Latham & Watkins LLP served as legal counsel for Live Oak and Teamshares respectively, while Santander US Capital Markets LLC acted as financial and capital markets advisor, ensuring the smooth execution of the transaction.
- Business Background: Since its founding in 2019, Teamshares has operated subsidiaries across 30 states and over 40 industries, achieving consolidated revenue of $490 million, and aims to provide a permanent home for retiring business owners while helping employees earn company stock.
See More
Teamshares and Live Oak Merger Approved by Shareholders
- Shareholder Approval: Live Oak Acquisition Corp. V shareholders voted to approve the business combination with Teamshares at an extraordinary general meeting, marking a significant milestone that is expected to enhance Teamshares' position in the SME acquisition market.
- New Entity Name: Upon completion of the merger, the continuing entity will be named “Teamshares Inc.”, with existing Live Oak shareholders holding shares and/or warrants in Teamshares Inc., which is anticipated to improve its market performance on Nasdaq.
- Merger Agreement Details: The merger agreement signed between Teamshares and Live Oak has been approved by the U.S. Securities and Exchange Commission, with expectations to close in the coming week, subject to customary closing conditions, reflecting confidence from both parties in the transaction.
- Financial Advisory Support: Santander US Capital Markets LLC is serving as financial and capital markets advisor to Teamshares, ensuring effective capital flow and market strategy implementation during the merger process, further solidifying Teamshares' market position.
See More
