LOKV News & Events

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.

Teamshares and Live Oak Acquisition V announced that they have entered into definitive agreements relating to a business combination, intending to accelerate Teamshares' growth as a public company. At closing, the combined company will operate as Teamshares and is expected to be listed on Nasdaq under ticker (TMS). In connection with the business combination, the parties have also entered into subscription agreements for $126M of committed common equity PIPE financing from accounts advised by T. Rowe Price Investment Management, Inc. and other institutional investors, with the potential for up to $237M in additional gross proceeds from amounts held in the trust account of Live Oak V, assuming no redemptions and prior to accounting for transaction expenses. The business combination values the combined company at a pro forma enterprise value of $746M and is expected to deliver up to $333M of net proceeds through a $126M private placement of common stock anchored by accounts advised by T. Rowe Price Investment Management, Inc. combined with Live Oak V's cash in trust. The transaction is 100% primary, with net proceeds utilized to acquire new operating subsidiaries and drive compounding growth. The company's executive team has agreed to a lockup of up to four years. The transaction is expected to close in the second quarter of 2026. The boards of both Teamshares and LOKV have each unanimously approved the business combination. The closing of the business combination is subject to, among other things, the approval by LOKV shareholders of the business combination and the satisfaction of other customary closing conditions as set forth in the definitive agreement, including that the SEC completes its review of the registration statement on Form S-4, the receipt of certain regulatory approvals and approval by the relevant stock exchange to list the securities of the combined company.