Live Oak SPAC obtains non-redemption pacts for 276,646 shares to bolster Teamshares deal

Live Oak Acquisition Corp. V

Non-redemption agreements with unaffiliated shareholders cover 276,646 Class A ordinary shares, to be held until the June 16, 2026 extraordinary general meeting.
Sponsor will transfer 37,171 Founder Shares to those shareholders at Closing as consideration for the non-redemption commitment.
Agreements designed to reduce the number of public shares redeemed, supporting the proposed business combination with Teamshares Inc.
Extraordinary general meeting on June 16, 2026 will include votes on the business combination proposals.

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 Non-Redemption Agreement with Live Oak Sponsor V LLC valued at NRA Investors agreed not to redeem 276,646 Class A ordinary shares; Sponsor agreed to transfer 37,17 (effective 2026-06-05).

Action: entry
Agreement: merger
Counterparty: Live Oak Sponsor V LLC
Value: NRA Investors agreed not to redeem 276,646 Class A ordinary shares; Sponsor agreed to transfer 37,17
Effective: 2026-06-05

Exact text from the filing

Live Oak Acquisition Corp. V, a Cayman Islands exempted company (“ Live Oak ”), which is a party to the previously-disclosed Agreement and Plan of Merger, dated as of November 14, 2025 (as amended, and as may be further amended or supplemented, the “ Merger Agreement ”) relating to Live Oak’s proposed initial business combination (“ Business Combination ”) with Teamshares Inc. (“ Teamshares ”), has entered into Non-Redemption Agreements (the “ Non-Redemption Agreements ”), dated as of June 5, 2026, with unaffiliated third-party shareholders of Live Oak (each, a “ NRA Investor ” and collectively, the “ NRA Investors ”) and Live Oak Sponsor V LLC, a Delaware limited liability company (the “ Sponsor ”) in connection with the anticipated consummation of the proposed Business Combination (the “ Closing ”) in accordance with the terms of the Merger Agreement.

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Live Oak Acquisition Corp. V filing history →

Source: SEC EDGAR

accession 0001213900-26-066859

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