MergerMay 14, 2026, 05:32 PM
M3-Brigade Acquisition V Business Combination Registration Effective
AI Summary
M3-Brigade Acquisition V Corp. announced that the registration statement for its proposed business combination with ReserveOne, Inc. was declared effective by the SEC on May 13, 2026, with closing expected in Q2 2026. The company reported a net income of $1.71 million for the three months ended March 31, 2026, a decrease from $2.91 million in the prior year. The company also noted a working capital deficit of $6.98 million and raised substantial doubt about its ability to continue as a going concern.
Key Highlights
- Registration statement for business combination with ReserveOne, Inc. declared effective on May 13, 2026.
- Business combination closing expected in the second quarter of 2026.
- Net income for Q1 2026 was $1,713,069, down from $2,913,268 in Q1 2025.
- General and operating costs increased to $985,315 in Q1 2026 from $171,860 in Q1 2025.
- Investments held in Trust Account increased to $309,579,292 as of March 31, 2026.
- Working capital deficit was $6,981,202 as of March 31, 2026.
- Borrowed an additional $1,100,000 under a promissory note from the Sponsor in Q1 2026.
- Equity PIPE Subscription Agreements for up to $500,000,000 and Convertible Notes PIPE for up to $250,000,000 were executed.