Live Oak Acquisition V completes merger with Teamshares, shares trade on Nasdaq as TMS
Teamshares Inc. TMS | 0.00 | |
Live Oak Acquisition Corp. V Class A LOKV | 0.00 |
- Live Oak Acquisition Corp. V completed its merger with Teamshares on June 18, 2026, creating a Nasdaq-listed company trading under TMS and TMSWW.
- Teamshares equity holders received 49,435,918 shares at closing, based on a final conversion ratio of 4.51.
- The deal included a $126.5 million PIPE priced at $9.2 per share for 13,750,000 shares.
- A forward purchase arrangement covered 4,000,000 shares with a $42.2 million prepayment based on an initial price of $10.56.
- Eligible participants can earn up to 6,000,000 additional shares if VWAP targets of $12, $15, or $20 are met within five years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Live Oak Acquisition Corp. V published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-283064), on June 25, 2026, and is solely responsible for the information contained therein.
