Ticker Launch

SPAC · Merger completed

Live Oak Acquisition Corp. V

Business combination with Teamshares Inc.

Live Oak Acquisition Corp. V is a blank-check company (SPAC) that raised $200M in its initial public offering on Feb 28, 2025, listing on Nasdaq. It completed its business combination with Teamshares Inc. on Jun 18, 2026; the combined company is Teamshares Inc. (TMS). Live Oak Merchant Partners led the IPO. Ellenoff Grossman & Schole advised the SPAC and Davis Polk advised the underwriters on the IPO.

Teamshares Inc., founded in 2019, is a tech-enabled acquirer of businesses that programmatically buys companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them into its platform and helps employees earn company stock. Its subsidiaries operate across over 40 industries and 30 states.

Status
Merger completed
IPO date
Feb 28, 2025
IPO size
$200M
IPO exchange
Nasdaq
Target
Teamshares Inc.
Announced
Nov 14, 2025
Closed
Jun 18, 2026
Combined company
Teamshares Inc. (TMS)
IPO underwriters
Live Oak Merchant Partners
SPAC counsel (IPO)
Ellenoff Grossman & Schole and Ogier
Underwriters' counsel (IPO)
Davis Polk

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