Mergers & Acquisitions ·
Teamshares Inc. completed its business combination with Live Oak Acquisition Corp. V on June 18, 2026
LOKVTeamshares Inc
Teamshares Inc. completed its business combination with Live Oak Acquisition Corp. V on June 18, 2026. The transaction involved a two-step merger and the domestication of Live Oak from the Cayman Islands to Delaware. The aggregate merger consideration paid to Legacy Teamshares stockholders was $525.0 million in newly issued common stock valued at $10.00 per share. Additionally, the company closed a PIPE investment of approximately $126.5 million through the sale of 13,750,000 shares. Following the closing, the company ceased to be a shell company and began trading on Nasdaq under the symbol TMS. Teamshares operates a tech-enabled employee ownership platform for acquiring small-to-medium-sized businesses.