MergerMay 29, 2026, 05:07 PM
Live Oak Schedules Shareholder Meeting for Teamshares Merger
AI Summary
Live Oak Acquisition Corp. V announced an extraordinary general meeting for June 16, 2026, to vote on its proposed business combination with Teamshares Inc. The Registration Statement on Form S-4 for the merger was declared effective on May 27, 2026, marking a significant step towards establishing Teamshares as a publicly-listed company trading on Nasdaq under tickers "TMS" and "TMSW". The transaction is anticipated to close mid-June 2026, with Live Oak's Board unanimously recommending approval of all proposals.
Key Highlights
- Extraordinary general meeting scheduled for June 16, 2026, at 9:00 a.m. ET.
- Shareholders of record as of May 7, 2026, are eligible to vote on the merger proposals.
- Registration Statement on Form S-4 for the business combination declared effective on May 27, 2026.
- The combined company will operate as "Teamshares Inc." and trade on Nasdaq under "TMS" and "TMSW".
- The merger is anticipated to be consummated mid-June 2026, subject to shareholder approval.
- The minimum cash condition for the merger has been satisfied by a PIPE investment from November 2025.
- Live Oak's Board unanimously recommends voting "FOR" all proposals related to the business combination.
Price Impact
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