MergerJun 25, 2026, 05:27 PM
Teamshares Inc. Completes Business Combination with Live Oak V
AI Summary
Teamshares Inc. announced the completion of its business combination with Live Oak Acquisition Corp. V on June 18, 2026. As a result, Live Oak was renamed Teamshares Inc. and is now the publicly traded parent company, with its shares and warrants listed on Nasdaq under TMS and TMSWW. The company also secured $126.5 million in additional capital through a PIPE investment and detailed provisions for up to 6,000,000 earnout shares based on future stock performance.
Key Highlights
- Business combination between Live Oak Acquisition Corp. V and Teamshares Inc. completed on June 18, 2026.
- Live Oak Acquisition Corp. V was renamed Teamshares Inc. and is now the publicly traded parent company.
- Teamshares received $126.5 million in additional capital from a concurrent PIPE investment.
- Company shares and warrants are listed on Nasdaq under the ticker symbols TMS and TMSWW.
- Earnout participants may receive up to 6,000,000 additional shares based on share price targets.
- SAFE investments converted into 688,043 shares of common stock plus 63,300 bonus shares.
- A Forward Purchase Agreement involved a $42.2 million prepayment for 4,000,000 shares.
Price Impact
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