secwatch.observer — SEC 8-K summary
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Issuer:     M3-Brigade Acquisition V Corp. (MBAV)
CIK:        0002016072
Form:       8-K
Filed at:   2026-06-12T20:23:48+00:00
Accession:  0001213900-26-068287
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2016072/000121390026068287/0001213900-26-068287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2016072/000121390026068287/ea0294556-8k425_m3brigade5.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-068287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer