LOKV Holds at $10.53 as Teamshares Deal Deadline Nears
Live Oak Acquisition Corp. V traded near $10.53 Friday, holding close to its cash value as investors looked for any update on the Teamshares merger. Volume came in light at about 1,000 shares, much less than the usual 120,000. Shares stayed under their 52-week peak of $11.67. Why it matters now: The Teamshares deal is still front and center for Live Oak, pushing its own numbers into the background. Live Oak and Teamshares have pushed the merger’s outside date out to July 15 from May 31, saying the extension is to finish closing conditions.