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Teamshares Announces Live Oak Acquisition Corp. V Shareholders Approve Proposed Merger With Teamshares
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Teamshares and Live Oak Acquisition Corp. V Complete Business Combination
Teamshares Inc., a tech-enabled acquiror of small and medium-sized enterprises (SMEs), completed its business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV) following shareholder approval on June 16, 2026. The transaction was funded with $126.5 million in additional capital raised through a concurrent PIPE investment from institutional investors and Teamshares management.
Live Oak V Shareholders Approve Business Combination with Teamshares
Live Oak Acquisition Corp. V shareholders have approved the business combination with Teamshares, a tech-enabled acquiror of small and medium-sized enterprises (SMEs). The combined entity will trade on Nasdaq under the ticker symbols 'TMS' and 'TMSWW' and is expected to close in the coming week. Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states.