Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Live Oak Acquisition Corp. V entered into Forward Purchase Agreement with HB Strategies LLC valued at up to 4,000,000 shares; Prepayment Amount equals Subject Shares multiplied by Initial Price (effective 2026-06-01).
- Action
- entry
- Agreement
- merger
- Counterparty
- HB Strategies LLC
- Value
- up to 4,000,000 shares; Prepayment Amount equals Subject Shares multiplied by Initial Price
- Effective
- 2026-06-01
Exact text from the filing
On June 1, 2026, Live Oak Acquisition Corp. V, a Cayman Island exempted company (" Live Oak "), and HB Strategies LLC (" Seller " or " FPA Investor ") entered into an agreement (the " Forward Purchase Agreement ") for an OTC Prepaid Share Forward Transaction-Optional Early Termination (the " Forward Purchase Transaction ") in connection with Live Oak’s proposed initial business combination (the " Business Combination ") with Teamshares Inc., a Delaware corporation (" Teamshares " and the surviving public company following consummation of the Business Combination, the " Combined Company "), which is the subject of the previously-disclosed Agreement and Plan of Merger entered into by Live Oak and Teamshares as of November 14, 2025 (as amended as of April 1, 2026, and as may be further amended or supplemented from time to time, the " Merger Agreement ").
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