Live Oak Acquisition Corp. V 8-K

What Happened

• Live Oak Acquisition Corp. V (LOKV) announced that its shareholders approved the proposed business combination and multiple related corporate governance and organizational proposals at an extraordinary general meeting. The definitive proxy was filed May 27, 2026, and the record date for voting was May 7, 2026. As of the record date, 28,750,000 ordinary shares were outstanding (23,000,000 Class A and 5,750,000 Class B).
• Key approvals included the Business Combination Proposal (For: 20,282,626; Against: 2,830,533), the Domestication Proposal (For: 20,282,626; Against: 2,830,533) and the Charter Proposal (For: 20,229,926; Against: 2,883,233). Shareholders also approved incentive and employee stock purchase plans, Nasdaq-related matters, and election of directors (each director: For 19,532,626; Against 3,580,533). Following shareholder redemptions of 18,438,659 Class A shares, approximately $48.1 million remains in Live Oak’s trust account.

Key Details

• Record date and shares outstanding: May 7, 2026; 28,750,000 total ordinary shares (23M Class A; 5.75M Class B).
• Business Combination vote: 20,282,626 For / 2,830,533 Against / 0 Abstain.
• Redemptions: 18,438,659 Class A shares redeemed, leaving ~ $48.1 million in the Trust Account.
• Directors elected: Michael Brown, Alex Eu, Adam J. Fishman, Richard J. Hendrix and Evan Moore (each received 19,532,626 votes For).

Why It Matters

• Approval of the business combination and related charter/domestication changes moves LOKV closer to completing its merger/transaction and operating as the combined company under the amended corporate documents.
• The large number of Class A redemptions (over 18 million shares) and the remaining Trust Account balance (~$48.1M) are important for investors to understand the cash available to the combined company and the post-merger ownership and capital structure.
• Board elections and approval of incentive/employee plans clear governance and compensation items needed to operate after the transaction.