Teamshares to go public via a SPAC merger with Live Oak Acquisition Corp. V in a $746m deal.

Teamshares, a tech-enabled acquiror of high-quality small-to-medium size enterprises, agreed to go public via a SPAC merger with Live Oak Acquisition Corp. V, a special purpose acquisition company, in a $746m deal. PIPE investment is provided by T. Rowe Price. “We are proud to partner with Teamshares and look forward to supporting the Company as it accesses the public capital markets. As a tech-enabled acquiror of high-quality SMEs, Teamshares will benefit immediately from a lowered cost and more ready access to capital. The Teamshares business model allows them to reinvest free cash flow from their operating subsidiaries into attractively priced additional acquisitions providing a long-term compounding pathway that we believe will create tremendous shareholder value," Richard Hendrix, LOKV Chairman and CEO, and Live Oak Merchant Partners Co-Founder.