Teamshares Inc.

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.