Teamshares (TMS) Proxy filing summary

Executive summary

• An extraordinary general meeting is scheduled for June 16, 2026, for shareholders to vote on the proposed business combination between Live Oak Acquisition Corp. V and Teamshares Inc.

• The SEC has declared effective the joint registration statement on Form S-4 for the business combination, marking a key milestone toward completion.

• Upon closing, the combined company will operate as Teamshares Inc., with securities expected to trade on Nasdaq under the tickers TMS and TMSW.

• The transaction is anticipated to close mid-June 2026, subject to customary closing conditions and shareholder approval.

• Proceeds from a PIPE investment will satisfy the minimum cash condition required by the merger agreement.

Voting matters and shareholder proposals

• Shareholders of record as of May 7, 2026, are entitled to vote on proposals related to the business combination at the extraordinary general meeting.

• The board unanimously recommends voting FOR all proposals included in the proxy statement.

• Voting instructions and meeting access details are provided in the proxy materials and on the SEC website.

Board of directors and corporate governance

• Directors, executive officers, and management of both companies may be deemed participants in the proxy solicitation.

• Detailed information about directors’ and officers’ interests is available in the registration statement and proxy statement.