Live Oak Acquisition Corp. V 8-K
Research Summary
AI-generated summary
Live Oak Acquisition Corp. V Announces Shareholder Vote on Teamshares Merger
What Happened
- Live Oak Acquisition Corp. V (LOKV) announced an extraordinary general meeting of shareholders to vote on its previously announced proposed business combination (the “Business Combination”) with Teamshares Inc. The meeting will be held virtually on June 16, 2026 at 9:00 a.m. Eastern Time (virtual access: www.cstproxy.com/liveoakacqv.com/2026) and, for purposes of Live Oak’s governing documents, may also be attended in person at Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY. Only shareholders of record as of the Record Date (May 7, 2026) are entitled to vote.
- Live Oak disclosed that the Registration Statement on Form S-4 filed by Live Oak and Teamshares was declared effective by the SEC (press release dated May 27, 2026; Exhibit 99.1). The definitive proxy statement with voting and attendance instructions has been filed with the SEC and is available free at sec.gov.
Key Details
- Record Date for voting: May 7, 2026.
- Shareholder Meeting: June 16, 2026, 9:00 a.m. ET (virtual; in-person option per governing documents).
- Form S-4 Registration Statement for the proposed Business Combination declared effective as of May 27, 2026.
- Proxy and registration documents available free at SEC.gov or by request to Live Oak Acquisition Corp. V, Attn: Richard Hendrix, 4921 William Arnold Road, Memphis, TN 38117; proxy solicitor: Sodali & Co.
Why It Matters
- The June 16 vote will determine whether Live Oak shareholders approve the merger with Teamshares; approval is a key condition to completing the Business Combination and moving forward with the combined public company.
- The Form S-4 being declared effective means the transaction’s registration materials are in place and shareholders now have access to the proxy details and risk disclosures they need to make an informed vote. Investors should read the proxy and Registration Statement carefully for transaction terms, redemption procedures, and listed risk factors before voting.
- The filing also reiterates standard forward-looking statement cautions and directs investors to the detailed risk disclosures in the registration and proxy materials for potential impacts on the proposed combined company.