The combination presents a compelling investment opportunity in a scalable SME acquisition platform with strong unit economics. The $126 million PIPE provides significant growth capital to accelerate acquisitions. Investors should monitor the closing of the transaction in late May and track execution against the aggressive EBITDA growth targets. The company's ability to maintain its acquisition multiples while scaling will be critical to sustaining returns.
Price Chart
Executive Summary
Live Oak Acquisition Corp. V is proceeding with its business combination with Teamshares Inc., a tech-enabled acquirer of small and mid-sized enterprises (SMEs). The companies hosted an investor day to promote the transaction, highlighting Teamshares' scalable acquisition model, strong financial performance, and $126 million PIPE anchored by T. Rowe Price. The combined entity will have an enterprise value of approximately $825 million and is targeting a late May closing.
Key Financial Metrics
Key Facts
- Teamshares owns over 90 businesses generating approximately $60 million in subsidiary-level EBITDA
- The company has secured a $126 million PIPE from T. Rowe Price and other investors
- Enterprise value of the combined company is approximately $825 million
- Transaction is expected to close in late May 2026
- Teamshares targets growing corporate EBITDA from $19 million in 2025 to $100 million by 2027
- The company acquires businesses at 4-6x EBITDA with 75-85% free cash flow conversion
- Management team has committed to a four-year lockup on shares
Financial Impact
The transaction brings $126 million in growth capital at a valuation of approximately $825 million enterprise value, representing about 12x 2027 pro forma EBITDA. Teamshares projects EBITDA growth from $19 million to $100 million by 2027.
Risk Factors
- Execution risk in integrating numerous acquisitions
- Potential for higher-than-expected redemptions in the SPAC
- Ability to maintain 4-6x EBITDA acquisition multiples as the company scales
- Dependence on continued access to capital at favorable rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-038606 |
| Document: 0001213900-26-038606-index-headers.html | 0001213900-26-038606 |
| Document: 0001213900-26-038606-index.html | 0001213900-26-038606 |
| Document: 0001213900-26-038606.txt | 0001213900-26-038606 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 425 | $17.48 | awaiting T+20 | — | — |
Jun 9, 2026 19w ago | DEFA14A | $17.48 | awaiting T+20 | — | — |
Jun 9, 2026 19w ago | 425 | $17.48 | awaiting T+20 | — | — |
Jun 9, 2026 19w ago | 8-K | $17.48 | awaiting T+20 | — | — |
Jun 9, 2026 19w ago | 8-K | $17.90 | awaiting T+20 | — | — |
Jun 2, 2026 21w ago | DEFA14A | $13.52 | awaiting T+20 | — | — |
Jun 2, 2026 21w ago | 425 | $13.52 | awaiting T+20 | — | — |
Jun 1, 2026 21w ago | DEFA14A | $13.52 | awaiting T+20 | — | — |
Jun 1, 2026 21w ago | 425 | $13.52 | awaiting T+20 | — | — |
Jun 1, 2026 21w ago | 8-K | $13.52 | awaiting T+20 | — | — |
US Market Status
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