MergerJun 9, 2026, 04:02 PM
Live Oak V Discloses $10.55 Redemption Price for Teamshares Merger
AI Summary
Live Oak Acquisition Corp. V disclosed an approximate redemption price of $10.55 per share for public shareholders if its Trust Account were liquidated as of June 8, 2026. This disclosure is required by a Forward Purchase Agreement entered into on June 1, 2026, with a fund sub-advised by JBA Asset Management LLC. The agreement is in connection with Live Oak's proposed business combination with Teamshares Inc., which is subject to a Merger Agreement.
Key Highlights
- Live Oak Acquisition Corp. V disclosed an approximate redemption price of $10.55 per share.
- The redemption price is for public shareholders if the Trust Account were liquidated as of June 8, 2026.
- This disclosure is required by a Forward Purchase Agreement entered into on June 1, 2026.
- The Forward Purchase Agreement is with a fund sub-advised by JBA Asset Management LLC.
- The agreement is in connection with Live Oak's proposed business combination with Teamshares Inc.
- The business combination is subject to a Merger Agreement dated November 14, 2025, amended April 1, 2026.
- A Registration Statement on Form S-4 for the business combination has been declared effective by the SEC.
Price Impact
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