Live Oak SPAC and Teamshares amend merger agreement; lock-up reduced to 6 months

Live Oak Acquisition Corp. V

First Amendment adjusts Merger Consideration to $525M plus Interim Period Financing amount.
Up to 1,150,000 Incentive Founder Shares released from lock-up to incentivize financing commitments.
Post-Closing lock-up on Founder Shares reduced from 1 year to 6 months.
Incentive Plan shares increased from 5% to 7% of post-Closing SPAC common stock; evergreen provision added.
Employee stock purchase plan authorized with 2% of post-Closing shares; management employment agreements required to close.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.