On June 18, 2026, M3-Brigade Acquisition V Corp. announced a significant leadership overhaul. Directors Mohsin Y. Meghji, Benjamin Fader-Rattner, and Matthew Perkal resigned from the Board and all committees. Simultaneously, Robert Rivas Collins resigned as CEO, Eric Greenhaus resigned as CFO, and Matthew Perkal resigned as COO. The Board appointed Chinh Chu as the new principal executive officer and Thomas Boychuk as the new CFO, principal financial officer, and principal accounting officer. Both Chu and Boychuk are affiliated with CC Capital, an affiliate of the company's sponsor, and will receive no compensation for their roles. The company is a special purpose acquisition company (SPAC) designed to effect a business combination.

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.

M3-Brigade Acquisition V Corp. has postponed its extraordinary general meeting of shareholders to June 18, 2026, to vote on its proposed business combination with ReserveOne, Inc. The company also extended the redemption deadline for Class A ordinary shares from June 11, 2026, to June 16, 2062. M3-Brigade Acquisition V Corp. is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination.