secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Acquisition Corp. V (LOKV)
CIK:        0002048951
Form:       8-K
Filed at:   2026-09-23T20:21:38+00:00
Accession:  0002048951-26-000020
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048951/000204895126000020/0002048951-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048951/000204895126000020/tms-20260923.htm
  HTML page:      https://secwatch.observer/filing/0002048951-26-000020

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