This is the third redemption-reduction mechanism (following the Forward Purchase Agreement and prior NRA) ahead of the June 16 vote, signaling management's focus on minimizing redemptions. Monitor the redemption rate disclosed at closing — if it stays low, the deal closes with more cash for Teamshares. The stock may trade near trust value until the vote outcome is known.
Price Chart
Executive Summary
Live Oak Acquisition Corp. V entered into Non-Redemption Agreements with unaffiliated shareholders who agreed not to redeem an aggregate of 276,646 Class A ordinary shares in connection with the upcoming shareholder vote on its business combination with Teamshares Inc. In exchange, the Sponsor will transfer 37,171 Founder Shares to those shareholders at closing, reducing potential redemptions and improving deal completion certainty.
Key Facts
- Non-Redemption Agreements dated June 5, 2026, with unaffiliated third-party shareholders
- Shareholders agreed not to redeem 276,646 Class A ordinary shares at the June 16, 2026 extraordinary general meeting
- Sponsor to transfer 37,171 Founder Shares to those shareholders at closing as consideration
- Agreements expected to reduce the number of Live Oak public shares that may be redeemed in connection with the closing
- Shareholder vote on the Teamshares business combination scheduled for June 16, 2026
Financial Impact
Non-redemption of 276,646 shares at ~$10.54/share preserves ~$2.92M in trust proceeds; Sponsor transfers 37,171 Founder Shares (value dependent on post-deal trading price)
Risk Factors
- Shareholders could still redeem at the meeting despite the agreements if they breach terms
- Forward Purchase Agreement counterparty (Hudson Bay affiliate) can terminate early, reducing redemption protection
- If the deal fails, the SPAC faces liquidation and shares would redeem at trust value (~$10.54)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-066863 |
| Document: ea0293985-8k425_liveoak5.htm | 0001213900-26-066863 |
| Document: 0001213900-26-066863-index-headers.html | 0001213900-26-066863 |
| Document: 0001213900-26-066863-index.html | 0001213900-26-066863 |
| Document: 0001213900-26-066863.txt | 0001213900-26-066863 |
Track record builds as more directional reports settle.
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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