Live Oak Acquisition Corp. V Extends Merger Deadline with Teamshares to July 15, 2026

*TL;DR Live Oak Acquisition Corp. V and Teamshares have mutually extended their merger deadline to July 15, 2026, giving both parties extra time to satisfy closing conditions.*

Context Live Oak Acquisition Corp. V, a Cayman‑registered special purpose acquisition company, announced a business combination with Teamshares Inc., a Delaware‑incorporated firm. The deal, outlined in a merger agreement dated November 14, 2025, required completion by May 31, 2026, or either side could terminate the agreement.

Key Facts - On May 1, 2026 the two companies signed a letter agreement to move the “outside date” from May 31 to July 15, 2026. The extension is a mutual written amendment allowed under the original merger terms. - The original deadline was set to ensure the transaction closed before the end of the first half of the year. - A Form S‑4 registration statement, which contains a proxy for Live Oak shareholders and a prospectus for the securities to be issued, was filed with the SEC on April 3, 2026 and amended on April 30, 2026. The filing is required for the public offering of shares and warrants tied to the merger. - After the SEC declares the S‑4 effective, Live Oak will mail the definitive proxy and prospectus to shareholders recorded on a date to be announced.

What It Means The extension provides both companies additional time to meet regulatory, shareholder and operational conditions without triggering an automatic termination right. It also aligns the timeline with the amended S‑4 filing, ensuring that all required disclosures are finalized before shareholders vote. Investors should watch for the SEC’s effectiveness notice on the S‑4 and the upcoming record date, which will set the stage for the final shareholder vote.

*Next step: monitor the SEC’s declaration of effectiveness for the S‑4 and the shareholder voting schedule as the July deadline approaches.*