M3-Brigade Acquisition V Corp. Cancels ReserveOne Merger

New York, New York, USA - M3-Brigade Acquisition V Corp. (Nasdaq: MBAV), a special purpose acquisition company, has officially announced the cancellation of its extraordinary general meeting of shareholders that was convened to vote on the proposed business combination with ReserveOne, Inc. The company confirmed that it has entered into a mutual termination agreement regarding the merger, which was originally dated July 7, 2025.

The decision to terminate the Business Combination Agreement follows significant shifts in market conditions within the digital asset sector since the initial announcement. As a result of this termination, the company is pivoting to secure its financial position and explore alternative business combination targets.

Key Highlights:

• Mutual Termination: M3-Brigade Acquisition V Corp. and ReserveOne have mutually agreed to terminate their previous merger agreement effective June 12, 2026.
• Securities Purchase: The company has entered into Securities Purchase Agreements with its sponsor, MI7 Sponsor, LLC, and various investors, securing aggregate gross proceeds of 14,250,000 dollars through the sale of 4,279,279 Class A ordinary shares.
• Capital & Strategy: A portion of the proceeds will provide working capital and facilitate loans to the company to cover accrued expenses.
• Strategic Pivot: The company intends to seek shareholder approval to extend its deadline for consummating an initial business combination by 12 months, from August 2, 2026, to August 2, 2027, and rebrand to Velos Acquisition I Corp.