Live Oak Acquisition Corp. V (LOKVU, LOKV, LOKVW) is a blank check company formed on November 27, 2024, for the purpose of effecting a Business Combination. The company consummated its Initial Public Offering (IPO) on March 3, 2025, raising $230,000,000 from 23,000,000 Units at $10.00 per Unit, including the full exercise of the over-allotment option. Simultaneously with the IPO, 4,500,000 Private Placement Warrants were sold to the Sponsor at $1.00 per warrant, generating $4,500,000. A total of $231,150,000 was placed in the Trust Account following the IPO and Private Placement. On November 14, 2025, the company entered into a definitive merger agreement with Teamshares Inc., a tech-enabled acquirer of high-quality businesses, with consolidated revenue over $400 million. The merger consideration for Teamshares security holders will be $525,000,000 in newly issued common stock (valued at $10.00 per share) plus any converted Interim Period Financing. Teamshares security holders also have the potential to receive up to 6,000,000 additional Earnout Shares contingent on the company's common stock reaching price targets of $12.00, $15.00, and $20.00 per share within five years post-closing. Initial PIPE Investors committed $126.0 million by purchasing 13,695,652 shares of common stock at $9.20 per share. The company reported a net loss of $16,495,381 for the year ended December 31, 2025, primarily due to operating costs and an initial loss on PIPE Subscription Agreements liability, partially offset by interest income from the Trust Account. Management has identified material weaknesses in internal control over financial reporting as of December 31, 2025, related to the evaluation and accounting treatment of PIPE Subscription Agreements. The company faces substantial doubt about its ability to continue as a going concern due to its limited liquidity and the deadline to complete a Business Combination by March 3, 2027.