LOKV Holds at $10.53 as Teamshares Deal Deadline Nears
Live Oak Acquisition Corp. V shares hovered near $10.53 Friday with light trading, as investors awaited progress on its merger with Teamshares. The companies extended their merger deadline to July 15 and filed an amended Form S-4/A with the SEC on May 19. Live Oak’s trust account backs 23 million shares at $10.48 each, keeping the stock close to redemption value. The deal values the combined company at $746 million.