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Get filing alertsLive Oak sets $10.55 redemption price for shareholders ahead of Teamshares merger vote
Filed June 9, 2026 · Period ending June 8, 2026 · ~1 min read
Key Changes
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Shareholders can redeem shares at $10.55 each if they vote against the Teamshares merger, based on trust account value as of June 8, 2026. This sets the floor price for investors choosing to exit.
Item 8.01 verify on EDGAR → -
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Live Oak entered a Forward Purchase Agreement with FPA Investor on June 1, 2026, providing additional financing structure for the merger. The transaction activates immediately after the shareholder vote.
Item 8.01 verify on EDGAR → -
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The original November 2025 merger agreement with Teamshares was amended on April 1, 2026, with possibility of further changes. Specific amendment terms were not disclosed in this filing.
Item 8.01 verify on EDGAR →
Summary
Live Oak Acquisition Corp. V disclosed that shareholders who choose to redeem their shares rather than support the proposed Teamshares merger will receive $10.55 per share, based on the trust account's value as of June 8, 2026. This disclosure comes ahead of an extraordinary shareholder meeting where investors will vote on the business combination originally announced in November 2025.
The SPAC also revealed it entered a Forward Purchase Agreement with an institutional investor on June 1, providing additional deal financing that kicks in after the shareholder vote. Notably, the merger terms have already been amended once in April 2026, though the specific changes weren't detailed in this filing. For retail holders: the $10.55 redemption price sets your exit option if you oppose the deal. Watch for the proxy statement detailing the April amendments and any further deal modifications before the vote, as changes to merger terms can significantly impact post-combination value.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Live Oak disclosed $10.55 per-share redemption price for shareholders ahead of Teamshares merger vote.
Added in current filing · verify on EDGAR →
The approximate redemption price per share if the Trust Account was liquidated as of June 8, 2026 would be $10.55.
Live Oak disclosed that shareholders redeeming their shares in connection with the proposed Teamshares merger would receive approximately $10.55 per share if the trust account were liquidated as of June 8, 2026. This disclosure is required under the Forward Purchase Agreement entered into with FPA Investor on June 1, 2026, and provides shareholders with the specific redemption value available ahead of the extraordinary general meeting to vote on the business combination.
Added in current filing · verify on EDGAR →
on June 1, 2026, Live Oak Acquisition Corp. V, a Cayman Islands exempted company (“Live Oak”), and a fund sub-advised by JBA Asset Management LLC (“Seller” or “FPA Investor”) entered into an agreement (the “Forward Purchase Agreement”) for an OTC Prepaid Share Forward Transaction-Optional Early Termination (the “Forward Purchase Transaction”) in connection with Live Oak’s proposed initial business combination (the “Business Combination”) with Teamshares Inc.
Live Oak entered into a Forward Purchase Agreement with FPA Investor on June 1, 2026, for an OTC prepaid share forward transaction related to the Teamshares merger. The agreement is structured to take effect immediately following the shareholder meeting where the merger will be voted upon. This type of transaction typically provides additional capital or financing support for the business combination.
Added in current filing · verify on EDGAR →
Agreement and Plan of Merger entered into by Live Oak and Teamshares as of November 14, 2025 (as amended as of April 1, 2026, and as may be further amended or supplemented from time to time, the “Merger Agreement”)
The original merger agreement with Teamshares dated November 14, 2025, was amended on April 1, 2026. While the 8-K does not detail the specific amendments, this indicates the deal terms have been modified since the initial announcement. The filing notes the agreement may be further amended, suggesting ongoing negotiations or adjustments to the transaction structure.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify