Teamshares S-4 Effective, SPAC Merger with Live Oak V Nears

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Teamshares S-4 Registration Statement Declared Effective for SPAC Merger

New York, New York, USA. Teamshares, a tech-enabled acquirer of small and medium-sized enterprises (SMEs), has announced that its joint registration statement on Form S-4 for the proposed business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV) has been declared effective by the Securities and Exchange Commission (SEC) as of May 27, 2026.

This regulatory milestone represents a critical step toward finalizing the business combination. Upon closing, the combined entity will operate as Teamshares Inc., with its securities expected to trade on the Nasdaq exchange under the ticker symbols TMS and TMSW.

Transaction and Meeting Details:

  • Shareholder Meeting: An extraordinary general meeting is scheduled for June 16, 2026, at 9:00 a.m. Eastern Time.
  • Record Date: Shareholders of record as of the close of business on May 7, 2026, are eligible to vote.
  • Expected Closing: The parties anticipate completing the transaction by mid-June 2026, subject to customary closing conditions, including shareholder approval.
  • Financing: The merger includes proceeds from a PIPE investment transaction finalized in November 2025, which fulfills the minimum cash condition outlined in the merger agreement.

Shareholders are encouraged to review the definitive proxy statement filed with the SEC, which contains detailed information regarding the voting procedures and the proposals to be approved. Live Oak's board has unanimously recommended that shareholders vote FOR all proposals.

About Teamshares Inc

Teamshares is a tech-enabled acquiror of high-quality businesses, intending to be a permanent home for successful small- and medium-sized enterprises (SMEs). Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. The Company’s acquisition-based business model aims to drive predictable, repeatable growth and scale through financial technology. Teamshares’ software platform drives scale and efficiency across the entire company lifecycle. Its software helps source, underwrite, and close acquisitions efficiently and programmatically, and then provides standardized financial visibility for every company. Teamshares leverages AI to scale its proprietary platform and data-driven decision-making, with each acquisition contributing data that compounds the platform’s value over time. Teamshares operates subsidiaries with consolidated revenue of over $400 million across over 40 industries and 30 states. Teamshares is a market leader in SME acquisitions, having built a scalable platform that combines centralized financial technology with decentralized, aligned leadership. The Company analyzes thousands of these opportunities annually through its software, targeting retirement situations for companies with strong cash flow conversion. Teamshares’ average acquired company has been in operation for more than 35 years, demonstrating durability across economic cycles, with strong diversification across industries and geographies. Existing investors in Teamshares include Collaborative Fund, Khosla Ventures, Inspired Capital, QED Investors, Spark Capital, Slow Ventures, and USV.

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