Business Wire·May 27, 2026, 10:38 AM ET

Teamshares Announces S-4 Effectiveness in Anticipation of Nasdaq Listing

LOKV

Teamshares' joint Form S-4 Registration Statement with Live Oak Acquisition Corp. V (NASDAQ: LOKV) was declared effective by the SEC on May 27, 2026.
The proposed Business Combination will result in a new public company named Teamshares Inc. trading on Nasdaq under the tickers TMS & TMSW.
The transaction is anticipated to close in mid-June 2026, pending shareholder approval & other customary closing conditions.
A PIPE investment transaction entered into by Live Oak in November 2025 has satisfied the minimum cash condition required by the Merger Agreement.
An extraordinary general meeting of Live Oak shareholders will be held on June 16, 2026, at 9:00 a.m. Eastern Time to vote on the Business Combination.
The record date for determining shareholders eligible to vote at the meeting is May 7, 2026.
The Shareholder Meeting will be conducted virtually at www.cstproxy.com/liveoakacqv/2026, with a listen-only telephone option available.
Teamshares operates as a tech-enabled acquiror of SMEs with consolidated revenue of $490 million across over 40 industries & 30 states.
Live Oak Acquisition Corp. V is a SPAC sponsored by Live Oak Merchant Partners, which has a track record of successful public-market combinations.
Ellenoff Grossman & Schole LLP serves as U.S. legal counsel to Live Oak, while Latham & Watkins LLP serves as legal counsel to Teamshares.
Live Oak's Board of Directors unanimously recommends that shareholders vote "FOR" all proposals included in the Proxy Statement.
Copies of the Proxy Statement & Registration Statement are available free of charge on the SEC's website at sec.gov.
Forward-looking statements in the announcement include risks related to shareholder approval, regulatory changes, market conditions, & the ability to integrate operations.