The high redemption rate (80% of Class A shares) significantly reduces the cash available to the combined company at close. Monitor the post-close cash position and Teamshares' ability to fund operations without additional capital. The deal closing is imminent — the next catalyst is the first public earnings report under the new ticker.
Price Chart
Executive Summary
Live Oak Acquisition Corp. V shareholders approved the business combination with Teamshares at a June 16, 2026 extraordinary general meeting. Holders of 18,438,659 Class A ordinary shares exercised redemption rights, leaving approximately $48.1 million in the trust account. The deal is expected to close within the coming week, after which the combined entity will trade as 'Teamshares Inc.' under ticker 'TMS'.
Key Facts
- All 14 proposals related to the business combination were approved by shareholders.
- 18,438,659 Class A ordinary shares were redeemed, leaving approximately $48.1 million in the trust account.
- The business combination with Teamshares is expected to close within the coming week.
- Post-closing, the combined entity will be named Teamshares Inc. and trade on Nasdaq under ticker 'TMS' (and 'TMSWW' for warrants).
- Teamshares reports consolidated revenue of $490 million across over 40 industries and 30 states.
Financial Impact
Approximately $48.1 million remains in the trust account after redemptions of 18,438,659 shares. No deal value or per-share consideration was disclosed in the filing.
Risk Factors
- High shareholder redemptions leave only ~$48.1M in trust, potentially limiting growth capital for Teamshares.
- Risk of additional financing needs post-close if operating cash flow is insufficient.
- Forward-looking statements caution that the combined company may not realize anticipated benefits of the business combination.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-070289 |
| Document: ea029505701ex99-1.htm | 0001213900-26-070289 |
| Document: 0001213900-26-070289-index-headers.html | 0001213900-26-070289 |
| Document: 0001213900-26-070289-index.html | 0001213900-26-070289 |
| Document: 0001213900-26-070289.txt | 0001213900-26-070289 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 26, 2026 17w ago | 3 | $11.52 | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 8-K | $11.52 | awaiting T+20 | — | — |
Jun 22, 2026 17w ago | 25-NSE | $11.52 | awaiting T+20 | — | — |
Jun 18, 2026 18w ago | 8-K | $12.03 | awaiting T+20 | — | — |
US Market Status
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