Live Oak enters forward purchase agreement to reduce redemptions for Teamshares merger

Live Oak Acquisition Corp. V

Up to 4M public shares subject to forward purchase; Seller waives redemption rights on those shares.
Trust account redemption price per share as of May 29, 2026: approx. $10.54.
Prepayment Amount equals number of shares times Initial Price set 5 business days pre-closing.
Term: 24 months from business combination closing; Seller may terminate early at Reset Price.
Purpose: reduce redemptions, supporting closing of Business Combination with Teamshares Inc.

Key facts

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 a fund sub-advised by JBA Asset Management LLC (effective 2026-06-01).

Action: entry
Counterparty: a fund sub-advised by JBA Asset Management LLC
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 a fund sub-advised by JBA Asset Management LLC (“ Seller ” or “ FPA Investor ”) entered into an agreement (the “ Forward Purchase Agreement ”) for an OTC Prepaid Share Forward Transaction-Optional Early Termination

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Live Oak Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001213900-26-063827

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