MergerMay 15, 2026, 04:13 PM
Live Oak Acquisition V Updates Teamshares Merger Agreement
AI Summary
Live Oak Acquisition Corp. V filed its Q1 2026 10-Q, reporting a net loss of $(129,303) for the three months ended March 31, 2026. The filing provides updates on the definitive merger agreement with Teamshares Inc., which was amended on April 1, 2026, and May 13, 2026. The proposed business combination involves Live Oak V domesticating to Delaware, followed by a two-step merger with Teamshares, with an aggregate value of $525 million plus interim period financing. The company continues to operate as a blank check company, with its primary activity being the pursuit of this business combination.
Key Highlights
- Teamshares Merger Agreement amended on April 1, 2026, and May 13, 2026.
- Proposed Teamshares Business Combination valued at $525,000,000 plus interim financing.
- Net loss for Q1 2026 was $(129,303), a significant reduction from $(6,303,763) in Q1 2025.
- Total assets increased to $242,349,801 as of March 31, 2026, from $240,473,275 at Dec 31, 2025.
- Marketable securities in Trust Account grew to $241,144,179 from $239,042,295.
- Total liabilities rose to $32,191,204 as of March 31, 2026, from $30,185,375 at Dec 31, 2025.
- Shareholders' deficit increased to $(30,985,582) from $(28,754,395).
- Interest earned on Trust Account securities was $2,101,884 for the three months ended March 31, 2026.
Price Impact
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