Teamshares Inc. completes business combination with Live Oak Acquisition Corp. V, raising $126.5 million in additional capital.
Quiver AI Summary
Teamshares Inc. has successfully completed its business combination with Live Oak Acquisition Corp. V, following shareholder approval on June 16, 2026. This merger allowed Teamshares to secure an additional $126.5 million from a concurrent common stock PIPE involving institutional investors and Teamshares management. Teamshares, founded in 2019, focuses on acquiring small to medium enterprises (SMEs) with EBITDA between $0.5 to $5 million, providing a permanent home for retiring owners and offering employees a chance to earn company stock. The company operates across over 40 industries in 30 states, with consolidated revenue of $490 million. Legal counsel for Live Oak came from Ellenoff Grossman & Schole LLP, while Latham & Watkins LLP represented Teamshares.
Potential Positives
- Teamshares Inc. successfully completed its business combination with Live Oak Acquisition Corp. V, demonstrating investor confidence and strategic growth potential.
- The company raised $126.5 million in additional capital through a common stock PIPE, which strengthens its financial position and enables further expansion.
- Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries, showcasing its diversified portfolio and market reach.
- By providing a permanent home for retiring SME owners, Teamshares positions itself as a unique player in the market, appealing to both business owners and employees seeking equity ownership.
Potential Negatives
- The press release does not provide specific financial projections or details on how the additional capital will be utilized, which may raise concerns among investors about the company's future growth and profitability.
- The reliance on a SPAC (Special Purpose Acquisition Company) for the business combination may be viewed negatively by some investors due to the decline in SPAC popularity and performance post-merger.
- There is a lack of detail regarding the challenges and risks associated with integrating acquired companies into the Teamshares platform, which could lead to investor uncertainty.
FAQ
What is the recent business combination announced by Teamshares?
Teamshares has completed a business combination with Live Oak Acquisition Corp. V, approved by shareholders on June 16, 2026.
How much capital did Teamshares raise in the business combination?
Teamshares raised $126.5 million through a concurrent common stock PIPE with institutional investors following the business combination approval.
Who advised Teamshares during the business combination?
Latham & Watkins LLP served as legal counsel to Teamshares, with Santander US Capital Markets LLC acting as financial advisor.
What does Teamshares specialize in?
Teamshares is a tech-enabled acquiror of SMEs, acquiring companies from retiring owners and integrating them into its platform.
How many industries does Teamshares operate in?
Teamshares operates subsidiaries across over 40 industries and 30 states, generating consolidated revenue of $490 million.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- Teamshares Inc. (the “Company”), a tech-enabled acquiror of SMEs, today announced the completion of its previously announced business combination (the “Business Combination”) with Live Oak Acquisition Corp. V (NASDAQ: LOKV) (“Live Oak”), following approval by Live Oak shareholders at an extraordinary general meeting on June 16, 2026.
In connection with closing of the Business Combination, Teamshares received $126.5 million additional capital raised in a concurrent, common stock PIPE with certain institutional investors as well as certain members of Teamshares management (the “PIPE”), which has been funded following approval by Live Oak shareholders of the Business Combination.
In connection with the Business Combination, Ellenoff Grossman & Schole LLP served as U.S. legal counsel to Live Oak and Latham & Watkins LLP served as legal counsel to Teamshares. Ogier served as special Cayman Islands counsel to Live Oak.
Santander US Capital Markets LLC served as financial advisor and capital markets advisor to Teamshares, as well as the placement agent on the PIPE. Compass Point, Northland and Roth also served as capital markets advisors.
About Teamshares
Teamshares is a tech-enabled acquiror of SMEs, intending to be a permanent home when owners retire. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states. Learn more at
https://www.teamshares.com/investors
.
About Live Oak Acquisition Corp. V
Live Oak Acquisition Corp. V (NASDAQ: LOKV) is the fifth SPAC sponsored by Live Oak Merchant Partners, an experienced team of operators and investors with a track record of successful public-market combinations.
Contacts
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