Live Oak Acquisition Corp. V Class A Ordinary Shares

Teamshares Inc. acquires small businesses from retiring owners and transitions them to employee ownership by installing new leadership and providing ongoing support. It grants stock to employees after closing and increases their ownership stake over time. The company recruits, trains, and supports new presidents to lead acquired businesses, and provides succession planning services including business evaluations and fast acquisition processes. Teamshares Inc. was incorporated in 2019 and is based in New York.

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Teamshares completes business combination with Live Oak Acquisition Corp. V

Teamshares Inc., a tech-enabled acquiror of SMEs, has completed its business combination with Live Oak Acquisition Corp. V following shareholder approval on June 16, 2026. The company received $126.5 million in additional capital through a concurrent common stock PIPE with institutional investors and certain members of Teamshares management. Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners and operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states. Santander US Capital Markets LLC served as financial advisor and placement agent on the PIPE, while Ellenoff Grossman & Schole LLP and Latham & Watkins LLP provided legal counsel.

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