Teamshares and Live Oak V File S-4

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Teamshares, a leading provider of employee stock ownership plans (ESOPs), and Live Oak V, a special purpose acquisition company (SPAC), have jointly filed an S-4 registration statement with the U.S. Securities and Exchange Commission (SEC). The filing outlines the proposed merger between the two companies, which would allow Teamshares to become a publicly traded entity.

Why it matters

The merger between Teamshares and Live Oak V would provide Teamshares with access to public capital markets, enabling the company to further expand its ESOP services and solutions. This move aligns with the growing trend of companies embracing employee ownership models to attract and retain talent, foster a sense of shared purpose, and align the interests of workers with those of the business.

The details

The S-4 filing provides details on the proposed transaction, including the exchange ratio, governance structure, and the combined company's leadership team. Teamshares, founded in 2015, has established itself as a leading provider of ESOP services, helping businesses of all sizes implement and manage employee ownership plans. Live Oak V, a SPAC sponsored by Live Oak Acquisition Corp., was formed to identify and merge with a target company in the financial technology or financial services sector.

• The S-4 registration statement was filed with the SEC on April 6, 2026.

What’s next

The proposed merger is subject to approval by the SEC, as well as the shareholders of both Teamshares and Live Oak V. If approved, the combined company is expected to trade on a major U.S. stock exchange.