M3-Brigade Acquisition V Corp. (MBAV) Form 8-K — Jun 12, 2026
M3-Brigade Acquisition V Corp. (MBAV) terminated its proposed business combination with ReserveOne, Inc., citing significant changes in market conditions impacting the digital asset sector. The company cancelled its previously scheduled shareholder meeting to approve the merger and withdrew its S-4 registration statement. To avoid liquidation, the SPAC entered into securities purchase agreements to sell 4,279,279 founder shares to investors for $3.33 per share, generating $14.25 million in gross proceeds for the sponsor.
Key figures
- Gross Proceeds
- 14250000
- Offering Price
- 3.33
- Shares Offered
- 4279279
- Ipo gross proceeds
- 287500000
- Sponsor loan amount
- 4000000
- Non redeeming shares
- 16000000
- Class a shares outstanding
- 28750000
- Class b shares outstanding
- 7187500
- Listed warrants outstanding
- 14375000
- Private placement warrants outstanding
- 8337500
- Private placement warrants transferred
- 8000000
Price after filing
Close on the filing date to close N calendar days later (from $10.78). Historical, not a forecast.
AI analysis
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