MBAV terminates ReserveOne merger, seeks 1-year extension to Aug 2027

M3-Brigade Acquisition V Corp.

Mutually terminated BCA with ReserveOne effective June 12, 2026 citing changed digital asset market conditions.
Entered Securities Purchase Agreements: Sponsor to sell 4,279,279 Class A shares at $3.33/share for $14.25M gross proceeds.
Voting and Non-Redemption Agreements: investors agree not to redeem ~16M shares in exchange for up to 8M private placement warrants.
Proposes shareholder meeting to extend business combination deadline to Aug 2, 2027, rename to Velos Acquisition I Corp.
Cancelled the June 15/18 extraordinary meeting related to the ReserveOne deal.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.