secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Acquisition Corp. V (LOKV)
CIK:        0002048951
Form:       8-K
Filed at:   2026-06-01T21:00:23+00:00
Accession:  0001213900-26-063576
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak enters Forward Purchase Agreement to back Teamshares merger, up to 4M shares at ~$10.54
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- Up to 4,000,000 shares; prepayment from trust at Initial Price (~$10.54/share as of May 29, 2026).
- HB Strategies LLC waives redemption rights on subject shares to reduce redemptions.
- FPA Investor may purchase shares at prices below redemption price from public shareholders.
- Forward Purchase Agreement term 24 months post-closing; optional termination with reset price based on VWAP.
- Agreement supports closing of business combination with Teamshares (announced Nov 14, 2025).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048951/000121390026063576/0001213900-26-063576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048951/000121390026063576/ea0292781-8k425_liveoak5.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-063576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer