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0.00192678227360304 -0.00480732177263978 -0.00481695568400778 -0.0057803468208093 -0.00413294797687856 -0.0057707129094413 -0.00481695568400778 -0.00481695568400778
Stock impact report

Teamshares, a Tech-Enabled Acquiror of High-Quality SMEs, to List on Nasdaq via Live Oak V Combination; $126 Million PIPE Led by Accounts Advised by T. Rowe Price Investment Management, In...

Live Oak Acquisition Corp. V - Class A Ordinary Shares (LOKV) 
Company Research Source: Business Wire
Part holdco, part fintech, 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 stockTeamshares’ acquisition-based business model aims to drive predictable, repeatable growth and scale through financial technologyAmong the largest SME acquirors, Teamshares aims to become a permanent home for thousands of SMEs with strong cash flow conversion as three million SME owners in the U.S. approach retirement ageSupported by a $126 million common equity PIPE anchored by accounts advised by T. Rowe Price Investment Management, Inc., with participation from other institutional investors and management, which will provide up to $333 million of primary proceeds inclusive of the trust account of Live Oak V, assuming no redemptions by Live Oak V’s public shareholders and after accounting for transaction expensesTeamshares is backed by leading VCs, including Khosla and USV, Show less Read more
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