- Business
- Live Oak Acquisition Corp. V, a blank check company incorporated in the Cayman Islands, focuses on effecting a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses in any industry or geographic region; it targets companies with enterprise values between $500 million and $2 billion that exhibit above-industry-average growth, strong free cash flow generation, and defensible market positions. The company offers Class A ordinary shares and redeemable warrants through its units traded on Nasdaq under the ticker LOKVU, with each unit comprising one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50 per whole warrant following a business combination; management services stem from sponsor Live Oak Merchant Partners, a merchant banking firm providing principal investments, SPAC sponsorship, and corporate advisory to support growth strategies and capital access. Founded in 2024 and headquartered at 4921 William Arnold Road, Memphis, Tennessee, the company operates with a lean structure of zero employees and generates no current revenues. In recent developments, Live Oak Acquisition Corp. V completed a $230 million initial public offering in March 2025, upsized from $200 million through full exercise of the underwriters' over-allotment option by Santander, placing $231.15 million in trust; in November 2025, it entered a definitive business combination agreement with Teamshares Inc., supported by a $126 million PIPE financing led by T. Rowe Price accounts, to form a combined public entity listed as Teamshares Inc. under Nasdaq ticker TMS, with the transaction slated for Q2 2026 and proceeds earmarked for acquiring operating subsidiaries and fueling growth.