Live Oak Acquisition Corp. V

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.

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.

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.

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.

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.

Live Oak Acquisition Corp. V and Teamshares Inc. entered into a Second Amendment to their Merger Agreement on May 13, 2026. This amendment incorporates Teamshares' offer to certain preferred stockholders to elect "liquidation preference" treatment, allowing their shares to convert into common stock based on original issue price plus dividends, instead of the standard Company Preferred Stock Exchange. The amendment also clarifies the mechanics of these conversions and adds associated definitions, without materially altering the economic terms or overall structure of the Business Combination.

Live Oak Acquisition Corp. V and Teamshares Inc. have mutually agreed to extend the outside date for their proposed business combination. The original deadline of May 31, 2026, has been moved to July 15, 2026. This extension provides the parties with additional time to satisfy the closing conditions and complete the merger.

Live Oak Acquisition Corp. V (LOKV) filed an Amended Current Report on Form 8-K to supersede its previous filing from March 31, 2026. The amendment provides a revised investor presentation, the "Updated Teamshares Investor Presentation," replacing the earlier version. This updated presentation, prepared by Teamshares Inc., will be used by both companies in connection with their previously disclosed Business Combination, which involves a merger agreement dated November 14, 2025, and amended on April 1, 2026.