We advised the sole placement agent on the transactions

Davis Polk advised the placement agent in connection with a PIPE transaction and the public launch of Teamshares Inc. through its business combination with Live Oak Acquisition Corp. V. The transactions closed on June 18, 2026. Teamshares commenced trading on the Nasdaq Stock Market under the ticker symbol “TMS” on June 23, 2026.

Teamshares is a tech-enabled acquiror of high-quality businesses. Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn company stock. The Teamshares acquisition-based business model aims to drive predictable, repeatable growth and scale through financial technology.

The Davis Polk capital markets team included partner Derek Dostal and associates Marquis J. Pullen and Rebecca Lei. Members of the Davis Polk team are based in the New York and Northern California offices.

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