Material Event (Form 8-K)

Item 8.01. Other Events.

Trust Disclosure

As previously disclosed, on June 1, 2026, Live Oak Acquisition Corp. V, a Cayman Islands exempted company ("Live Oak"), and a fund sub-advised by JBA Asset Management LLC ("Seller" or "FPA Investor") entered into an agreement (the "Forward Purchase Agreement") for an OTC Prepaid Share Forward Transaction-Optional Early Termination (the "Forward Purchase Transaction") in connection with Live Oak's proposed initial business combination (the "Business Combination") with Teamshares Inc., a Delaware corporation ("Teamshares" and the surviving public company following consummation of the Business Combination, the "Combined Company"), which is the subject of the previously-disclosed Agreement and Plan of Merger entered into by Live Oak and Teamshares as of November 14, 2025 (as amended as of April 1, 2026, and as may be further amended or supplemented from time to time, the "Merger Agreement"). The Forward Purchase Agreement is intended to take effect on the date (the "Trade Date") immediately following the date when Live Oak convenes and holds an extraordinary general meeting of Live Oak shareholders to consider and vote on the Merger Agreement and other proposals related to the Business Combination (the "Live Oak Shareholder Meeting"). The Forward Purchase Agreement requires that this Current Report on Form 8-K (this "Current Report") disclose the redemption price per share that would be available to redeeming Public Shareholders if the Trust Account were to be liquidated as of the date set forth in this Current Report. The approximate redemption price per share if the Trust Account was liquidated as of June 8, 2026 would be $10.55.

The foregoing summary of the Forward Purchase Agreement is qualified in its entirety by reference to the full text of the Forward Purchase Agreement, which is filed as Exhibit 10.1 to the Form 8-K filed with the SEC on June 2, 2026, and is incorporated herein by reference.

Additional Information and Where to Find It

A Registration Statement on Form S-4 filed with the SEC by Live Oak and Teamshares has been filed with, and been declared effective by, the U.S. Securities and Exchange Commission (the "SEC"). Live Oak has also filed or will file with the SEC a proxy statement setting forth proposals to be presented to Live Oak shareholders of record as of the Record Date at an extraordinary general meeting of Live Oak shareholders, which Proxy Statement also contains information about how to vote shares and how to attend the Shareholder Meeting. SHAREHOLDERS OF LIVE OAK AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT IN CONNECTION WITH LIVE OAK'S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED BUSINESS COMBINATION BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT LIVE OAK, TEAMSHARES AND THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain copies of the Registration Statement and the Proxy Statement, without charge on the SEC's website at www.sec.gov or by directing a request to: Live Oak Acquisition Corp. V, 4921 William Arnold Road, Memphis, TN, 38117 United States, Attn: Richard Hendrix, Chairman & Chief Executive Officer.