Teamshares Goes Public via SPAC Deal

Teamshares, a financial technology firm and holding company, announces plans to go public in the US via a $746M blank-check deal with Live Oak Acquisition Corporation, backed by T. Rowe Price. This move signals a renewed interest in SPACs, with Teamshares subsidiaries generating over $400M in revenue across 40 industries and 30 states. The deal is expected to generate up to $333M in proceeds, with the combined company set to trade on Nasdaq under T M S, enabling further acquisitions and technology development.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.