DealsJun 2, 2026, 09:12 AM
Live Oak V Enters Forward Purchase Agreement for Teamshares Merger
AI Summary
Live Oak Acquisition Corp. V entered into a Forward Purchase Agreement with a fund sub-advised by JBA Asset Management LLC on June 1, 2026. This agreement facilitates an OTC Prepaid Share Forward Transaction in connection with Live Oak's proposed business combination with Teamshares Inc. The agreement allows for the purchase of up to 4,000,000 public shares, with the FPA Investor waiving redemption rights for these shares, and aims to support the business combination by managing potential redemptions.
Key Highlights
- Live Oak V entered a Forward Purchase Agreement with a JBA Asset Management LLC fund on June 1, 2026.
- The agreement is for an OTC Prepaid Share Forward Transaction related to the Teamshares Inc. business combination.
- Up to 4,000,000 public shares ("Subject Shares") can be part of the transaction.
- Live Oak will pay a Prepayment Amount based on Subject Shares and an Initial Price from the Trust Account.
- The FPA Investor waives redemption rights for the Subject Shares in connection with the Business Combination.
- The agreement has a term of 24 months from the BC Closing Date, with optional early termination by the FPA Investor.
- The Initial Price is subject to downward adjustment to a "Reset Price" during the term.
Price Impact
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