8-K
filed May 27, 2025, 7:59 PM ET
ticker MBAV
CIK 0002016072
leadership
confidence high
sentiment neutral
materiality 0.90
M3-Brigade Acquisition V Corp. (MBAV): M&A transaction — M3-Brigade Acquisition V Corp. Completes Sponsor Change and Appoints Tether Co-Founder as CEO
M3-Brigade Acquisition V Corp.
- MI7 Sponsor, a CC Capital affiliate, purchased 7,187,500 Class B shares and 5,043,750 warrants for $6,467,500 from original sponsor.
- New Sponsor also agreed to buy 3,293,750 private placement warrants from Cantor Fitzgerald & Co.
- Tether co-founder Reeve Collins named CEO; CC Capital's Chinh Chu named President.
- Board adds Thomas L. Fairfield and Edward Murphy as new directors.
- Company plans to pursue digital assets acquisition and rename to CCRC Digital Assets Corp.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ted Murphy was appointed as Director at M3-Brigade Acquisition V Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective on May 27, 2025, (i) Thomas L. Fairfield was appointed to the Board as a Class II director and (ii) Ted Murphy was appointed to the Board as a Class I director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Fredrick Arnold resigned as Director at M3-Brigade Acquisition V Corp..
- Action
- resigned
- Role
- Director
Exact text from the filing
Effective on May 21, 2025, Fredrick Arnold resigned from the Board as well as each of the Compensation Committee and the Audit Committee of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Perkal was appointed as Chief Operating Officer at M3-Brigade Acquisition V Corp..
- Action
- resigned as Chief Executive Officer and appointed as Chief Operating Officer
- Role
- Chief Operating Officer
Exact text from the filing
Effective on May 27, 2025, Matthew Perkal resigned as the Chief Executive Officer, and was appointed as Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chinh Chu was appointed as President at M3-Brigade Acquisition V Corp..
- Action
- appointed
- Role
- President
Exact text from the filing
Effective on May 27, 2025, the Board appointed Chinh Chu as President of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas L. Fairfield was appointed as Director at M3-Brigade Acquisition V Corp..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective on May 27, 2025, (i) Thomas L. Fairfield was appointed to the Board as a Class II director and (ii) Ted Murphy was appointed to the Board as a Class I director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohsin Y. Meghji changed role as Chairman at M3-Brigade Acquisition V Corp..
- Action
- will no longer serve as Executive Chairman but will remain as Chairman
- Role
- Chairman
Exact text from the filing
Additionally, effective as of May 27, 2025, Mohsin Y. Meghji will no longer serve as Executive Chairman but will remain on the Board as Chairman.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
M3-Brigade Acquisition V Corp. completed a disposition involving MI7 Sponsor, LLC for $6,467,500 (closed 2025-05-27).
- Action
- disposition
- Counterparty
- MI7 Sponsor, LLC
- Consideration
- $6,467,500
- Closing
- 2025-05-27
Exact text from the filing
the Original Sponsor agreed to sell, and the New Sponsor agreed to purchase, 7,187,500 Class B ordinary shares, par value $0.0001 per share, and 5,043,750 private placement warrants of the Company owned by the Original Sponsor (collectively, the "Transferred Sponsor SPAC Securities") for an aggregate purchase price of $6,467,500
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
M3-Brigade Acquisition V Corp. underwent a change of control involving MI7 Sponsor, LLC for $6,467,500 (closed 2025-05-27).
- Action
- change of control
- Counterparty
- MI7 Sponsor, LLC
- Consideration
- $6,467,500
- Closing
- 2025-05-27
Exact text from the filing
5,043,750 private placement warrants of the Company owned by the Original Sponsor (collectively, the “Transferred Sponsor SPAC Securities”) for an aggregate purchase price of $6,467,500 (the “Closing Cash Purchase Price”). The transactions contemplated by the Agreement were consummated on May 27, 2025 (the “Closing”). The Agreement contains representations and
View on SEC.gov
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