Velos Acquisition I Corp. extends business combination deadline to Aug 2027; issues $3.5M promissory note

M3-Brigade Acquisition V Corp.

Shareholders approved extension of business combination deadline by 12 months to August 2, 2027.
12.46M Class A shares redeemed at ~$10.88/share, leaving ~$177.3M in trust account.
Sponsor converted all 7.19M Class B shares to Class A; then sold 4.28M converted shares to investors.
Company issued $4M promissory note to sponsor, borrowing $3.5M on July 21 for working capital and liabilities.
Trading symbols change to VLOS, VLOSU, VLOSW effective July 23, 2026.

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