DealsJun 1, 2026, 05:00 PM
Live Oak Acquisition V Enters Forward Purchase Agreement
AI Summary
Live Oak Acquisition Corp. V entered into a Forward Purchase Agreement with HB Strategies LLC on June 1, 2026, to support its proposed business combination with Teamshares Inc. The agreement covers up to 4,000,000 public shares, with Live Oak paying a Prepayment Amount from its Trust Account after satisfying redemption payments. The FPA Investor has the discretion to terminate the transaction and has waived redemption rights for the subject shares, facilitating the business combination.
Key Highlights
- Live Oak Acquisition Corp. V entered a Forward Purchase Agreement with HB Strategies LLC.
- The agreement supports the proposed business combination with Teamshares Inc.
- Up to 4,000,000 public shares are subject to the Forward Purchase Transaction.
- Live Oak will pay a Prepayment Amount from the Trust Account after redemptions.
- The Initial Price is subject to downward adjustment during the 24-month term.
- HB Strategies LLC can terminate the transaction in whole or in part at its discretion.
- HB Strategies LLC waived redemption rights for the Subject Shares.
Price Impact
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