Live Oak Acquisition Corp. V 8-K

What Happened

• Live Oak Acquisition Corp. V (LOKV) filed an 8‑K reporting that on June 1, 2026 it entered a Forward Purchase Agreement (an OTC Prepaid Share Forward Transaction with optional early termination) with a fund sub‑advised by JBA Asset Management LLC (the “Seller” or “FPA Investor”) in connection with its proposed merger with Teamshares Inc. (the “Merger Agreement,” originally signed Nov. 14, 2025 and amended April 1, 2026). The Forward Purchase Agreement is intended to take effect on the Trade Date (the business day after Live Oak holds its extraordinary shareholder meeting to vote on the merger). The filing also discloses that the approximate redemption price per public share, if the trust were liquidated as of June 8, 2026, would be $10.55.

Key Details

• Parties: Live Oak Acquisition Corp. V and a fund sub‑advised by JBA Asset Management LLC.
• Agreement date: Forward Purchase Agreement executed on June 1, 2026; effective on the Trade Date following Live Oak’s shareholder meeting.
• Redemption estimate: Approximate trust redemption price of $10.55 per public share as of June 8, 2026.
• Regulatory filings: A Form S‑4 registration statement for the Business Combination has been filed and declared effective; a proxy statement/prospectus for Live Oak shareholders is available via the SEC (sec.gov).

Why It Matters

• The Forward Purchase Agreement is a financing arrangement tied to the planned merger with Teamshares and may affect the cash available to the Combined Company at closing.
• The disclosed redemption price ($10.55) is the key figure public shareholders will compare when deciding whether to redeem their shares ahead of the shareholder vote.
• Investors should review the S‑4 and the proxy statement for full terms, voting information and risks; the 8‑K also contains standard forward‑looking statements and cautions about risks that could affect completion of the merger.