Highest-materiality recent filing
Teamshares swaps $150M legacy facility for $130M term loan at SOFR+9.50%, cutting interest ~$5M/yr
$130.0M senior secured term loan arranged by Sound Point Capital affiliates matures 4Q 2030; SOFR (3.00% floor) + 9.50%, vs legacy SOFR+11.00%.
Teamshares raises $225M Series A preferred from T. Rowe Price affiliates
Closed $225M offering of 225,000 Series A preferred shares at $990 each ($1,000 liquidation preference, 1% OID).
Teamshares Q2 revenue up 20% to $148.7M; turns net profit; reaffirms FY26 outlook
Revenue $148.7M, up $25.1M (20%) YoY; net income $9.5M vs. year-ago loss (swing of $22.4M).
Teamshares completes de-SPAC merger with Live Oak; $525M stock consideration
Aggregate merger consideration of $525M paid in ~52.5M shares of common stock at $10.00/share.
Common stock began trading on Nasdaq under symbol TMS on June 23, 2026.
Live Oak shareholders approve business combination with Teamshares; closing within a week
Over 18.4 million shares redeemed (~$48.1M remaining in trust).
Live Oak SPAC obtains non-redemption pacts for 276,646 shares to bolster Teamshares deal
Non-redemption agreements with unaffiliated shareholders cover 276,646 Class A ordinary shares, to be held until the June 16, 2026 extraordinary general meeting.
Live Oak enters Forward Purchase Agreement to back Teamshares merger, up to 4M shares at ~$10.54
Up to 4,000,000 shares; prepayment from trust at Initial Price (~$10.54/share as of May 29, 2026).
Teamshares-Live Oak merger S-4 effective; shareholder vote set for June 16
SEC declared S-4 registration statement effective on May 27, 2026 for Teamshares/Live Oak business combination.
Live Oak SPAC and Teamshares amend merger agreement; lock-up reduced to 6 months
First Amendment adjusts Merger Consideration to $525M plus Interim Period Financing amount.
Investor call held on Nov 14, 2025 to discuss business combination with Teamshares Inc.
Live Oak Acquisition Corp. V to merge with Teamshares in $525M deal
Total consideration of $525M in Live Oak common stock valued at $10.00 per share.
On June 1, 2025, Jonathan R. Furer resigned as a director of the board of directors (the “ Board ”) of Live Oak Acquisition Corp. V (the “ Company ”), and as a member of committees of the Board, effective immediately.
On February 28, 2025, in connection with the IPO, Messrs. Hudson and Furer and Ms. Tarbox (collectively with Messrs. Hendrix and Fishman, the “Directors”) were appointed to the board of directors of the Company (the “ Board ”).
On February 28, 2025, in connection with the IPO, Messrs. Hudson and Furer and Ms. Tarbox (collectively with Messrs. Hendrix and Fishman, the “Directors”) were appointed to the board of directors of the Company (the “ Board ”).
On February 28, 2025, in connection with the IPO, Messrs. Hudson and Furer and Ms. Tarbox (collectively with Messrs. Hendrix and Fishman, the “Directors”) were appointed to the board of directors of the Company (the “ Board ”).
Max materiality 1.00 · Median 0.60 · Most common event other_material