Live Oak Acquisition Corp. V filings document a Cayman Islands blank-check issuer with Nasdaq-listed units, Class A ordinary shares, and warrants. Its Forms 8-K and 8-K/A report material events, material agreements, Regulation FD communications, shareholder voting matters, governance changes, risk factors, and capital-structure disclosures tied to its SPAC structure.
The registered securities include units composed of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable for Class A ordinary shares. The filing record also identifies the company as an emerging growth company and includes security-structure disclosures relevant to redemption mechanics and shareholder approvals.
Live Oak Acquisition Corp. V disclosed that Teamshares CEO Michael Brown appeared on the SPAC Podcast to discuss Teamshares’ business and the parties’ previously announced Business Combination. Teamshares reported pro forma adjusted EBITDA of $19 million in 2025 and reiterated forecasts of $60 million in 2026 and $100 million in 2027. The transcript describes Teamshares’ programmatic acquirer model, acquisition targets of roughly $0.5–$5 million EBITDA, its employee-retention approach, and that it has completed 92 acquisitions since 2020.
The filing notes that a Registration Statement on Form S-4 has been filed and, after effectiveness, shareholders will receive a definitive proxy statement/prospectus with detailed information and risk factors concerning the Business Combination.
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 the Agreement and Plan of Merger with Teamshares Inc. on May 13, 2026 that clarifies certain mechanics of the previously disclosed business combination.
The amendment, made in accordance with Section 9.10 of the original merger agreement, does not materially alter the economic terms or overall structure of the Business Combination. The parties previously filed a Registration Statement on April 3, 2026 (amended April 30, 2026) on Form S-4 that includes a proxy statement/prospectus for the 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 extended the Merger Agreement outside date for its proposed business combination with Teamshares Inc. The parties signed a letter on May 1, 2026 to move the Original Outside Date from May 31, 2026 to July 15, 2026, subject to the Merger Agreement's closing conditions and any applicable waivers. The filing notes a Registration Statement on Form S-4 was filed April 3, 2026 and amended April 30, 2026; the definitive proxy statement/prospectus will be mailed after effectiveness.
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.
The proxy statement/prospectus filed April 30, 2026, describes a proposed business combination under a Form S-4/A in which Live Oak Acquisition Corp. V will domesticate to Delaware and merge with Teamshares, with Live Oak to be renamed Teamshares Inc. at Closing.
The Merger Consideration includes $525.0 million plus any converted Interim Period Financing, with a working Per Share Price reference of $10.00. The transaction contemplates an Initial PIPE Investment of 13,750,000 shares for approximately $126.5 million, potential issuance of up to 6,000,000 Earnout Shares, and various founder and sponsor lock-up and forfeiture arrangements. Public shareholders retain redemption rights from the Trust Account; the Trust held approximately $241.1 million as of March 31, 2026, or about $10.48 per public share.
Live Oak Acquisition Corp. V and Teamshares disclosed that Teamshares’ CEO Michael Brown participated in an April 30, 2026 interview describing Teamshares’ model as a tech-enabled holding company that buys founder-run small businesses and implements employee ownership. Teamshares reports 92 acquisitions since 2020 and targets businesses with $0.5M–$5M EBITDA. Management disclosed $19M pro forma adjusted EBITDA at year-end 2025 and forecasts $60M for 2026 and $100M for 2027. The S-4 / proxy materials for the proposed business combination with Live Oak (ticker LOKV) were filed and provide financing, risk factors, and transaction details for shareholders to review.
Live Oak Acquisition Corp. V amends its Form 8-K to furnish an Updated Teamshares Investor Presentation for the previously disclosed Merger Agreement with Teamshares Inc. The Update supersedes the prior investor presentation and may be used by Live Oak and Teamshares in connection with the Business Combination.
The parties filed a Registration Statement on Form S-4 on April 3, 2026; the definitive proxy statement/prospectus will be mailed after the Registration Statement is declared effective. This furnishes the presentation pursuant to Item 7.01 and does not constitute a solicitation.
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.