Teamshares Completes De-SPAC Merger, Begins Trading on Nasdaq Under 'TMS'
Summary
Teamshares Inc. has completed its de-SPAC merger and is now publicly traded on Nasdaq under the ticker TMS, backed by a $126.5 million equity investment.
Key Events
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De-SPAC Merger Completed
Teamshares Inc. has officially completed its merger, transitioning from Live Oak Acquisition Corp. V.
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Nasdaq Listing and New Ticker
The company's common stock and warrants have commenced trading on The Nasdaq Stock Market LLC under the new symbols "TMS" and "TMSWW" respectively, as of June 23, 2026.
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Significant Equity Investment
T Rowe Price Investment Management anchored a $126.5 million equity investment, providing substantial capital for the newly public entity.
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Investor Presentation Released
A new investor presentation details Teamshares' business model as a tech-enabled acquiror of SMEs, its growth strategy, and financial projections, including a forecast of Pro Forma Adjusted EBITDA growing from $19 million in 2025 to $100 million in 2027.
Analysis
This 8-K announces the successful completion of the de-SPAC merger between Live Oak Acquisition Corp. V and Teamshares Inc., with Teamshares now trading on Nasdaq under the new ticker "TMS". The filing includes an investor presentation outlining the company's strategy as a tech-enabled acquiror of small and medium-sized enterprises (SMEs) and highlights a significant $126.5 million equity investment anchored by T Rowe Price. This event provides Teamshares with access to public capital markets and validates its business model, overcoming previous SPAC-related concerns.
At the time of this filing, LOKV was trading at $11.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $331.2M. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.