Mergers & Acquisitions ·
M3-Brigade terminates ReserveOne deal, raises $14.25M via share sales and extends merger deadline to August 2027
MBAVVelos Acquisition I Corp.
M3-Brigade Acquisition V Corp. terminated its Business Combination Agreement with ReserveOne, Inc. on June 12, 2026, due to changing market conditions in the digital asset sector. The company entered into Securities Purchase Agreements where the Sponsor will sell 4,279,279 Class A ordinary shares to investors at $3.33 per share, generating $14,250,000 in gross proceeds. The company also entered into Voting and Non-Redemption Agreements to extend its business combination period to August 2, 2027. M3-Brigade Acquisition V Corp. is a special purpose acquisition company (SPAC) focused on identifying a new business combination target.