---
schema_version: "secwatch.filing_event.v1"
accession: "0002048951-26-000020"
form_type: "8-K"
ticker: "LOKV"
cik: "0002048951"
company_name: "Live Oak Acquisition Corp. V"
filed_at: "2026-09-23T20:21:38+00:00"
generated_at: "2026-09-23T20:23:12.396502+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Teamshares raises $225M Series A preferred from T. Rowe Price affiliates

## Summary
- Closed $225M offering of 225,000 Series A preferred shares at $990 each ($1,000 liquidation preference, 1% OID).
- Dividend 16.0% cash / 18.0% PIK, steps down to 14.5% / 17.5% on EBITDA and leverage tests; non-voting, non-convertible.
- Proceeds primarily fund acquisitions; up to $75M additional issuance to other institutional investors allowed.
- CEO cites 15,000 size-qualified SMEs for sale annually; added LOIs beyond $30M EBITDA under LOI on last call.
- Goldman Sachs acted as exclusive financial advisor; T. Rowe Price accounts advised by TRPIM invested.

## SEC filing metadata
- accession: 0002048951-26-000020
- form_type: 8-K
- ticker: LOKV
- cik: 0002048951
- company_name: Live Oak Acquisition Corp. V
- filed_at: 2026-09-23T20:21:38+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2048951/000204895126000020/0002048951-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2048951/000204895126000020/tms-20260923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002048951-26-000020
- JSON: https://secwatch.observer/filing/0002048951-26-000020.json
- Plain text: https://secwatch.observer/filing/0002048951-26-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.