Live Oak Acquisition Corp. V 8-K

What Happened

• Live Oak Acquisition Corp. V filed an 8-K (June 9, 2026) reporting that it entered into Non-Redemption Agreements dated June 5, 2026 with certain unaffiliated Live Oak shareholders and Live Oak Sponsor V LLC.
• Under the agreements, those shareholders agreed not to redeem an aggregate of 276,646 Class A ordinary shares at the extraordinary general meeting on June 16, 2026 to approve Live Oak’s proposed business combination with Teamshares Inc. In return, the Sponsor agreed to transfer an aggregate of 37,171 Founder Shares to those investors at the Closing, provided the investors do not redeem the Non‑Redeemed Shares.

Key Details

• Non-Redemption Agreements dated: June 5, 2026.
• Non-redeemed Class A shares: 276,646.
• Founder Shares to be transferred at Closing: 37,171 (from Live Oak Sponsor V LLC).
• Extraordinary shareholder meeting to vote on the Business Combination: June 16, 2026; Merger Agreement originally dated November 14, 2025.

Why It Matters

• These agreements are intended to reduce the number of public shares that may be redeemed in connection with the Closing, which can affect the amount of cash remaining in Live Oak’s trust and the structure of the post-merger public company.
• Retail investors should review the Registration Statement on Form S-4 and the Proxy Statement (filed with the SEC) for full details, risks and voting information before the June 16 shareholder vote.