Teamshares Inc.

DRS/A amended

Teamshares Inc. is undergoing a business combination via a merger with Live Oak Acquisition Corp. V, resulting in Live Oak's reorganization into a Delaware corporation and a name change to Teamshares Inc. The transaction involves two mergers, with Teamshares surviving as a subsidiary, followed by a second merger to consolidate operations. The merger consideration includes newly-issued shares and assumed options, with potential earnout shares contingent on future performance metrics. The filing outlines the procedural steps, including deregistration from the Cayman Islands and domestication under Delaware law.

DRS filed

Teamshares Inc. is the target of a merger transaction involving Live Oak Acquisition Corp. V, a SPAC. The merger involves a domestication process relocating Live Oak's incorporation from the Cayman Islands to Delaware, followed by a two-step merger structure. The transaction includes the issuance of combined company common stock, assumed options, and potential earnout shares contingent on future performance metrics. The filing outlines the merger consideration, shareholder approval requirements, and conditions for the transaction's completion.