MBAV
M3-Brigade Acquisition V Corp.10.80
-0.01-0.05%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
388.12MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
M3-Brigade Acquisition V Corp. swung to a net income of $2.2M in Q2 FY2025 ended June 30, 2025, up from a $33,600 loss a year earlier, thanks to $3.1M in interest from its Trust Account, while general costs climbed to $874K from $34K. For the half-year, net income hit $5.1M on $6.2M interest, against $1.0M expenses. Cash sits at $800K outside the $300.8M Trust, with a $500K sponsor note drawn from a $2.5M facility; no capex means free cash flow tracks operating cash use of $91K YTD (derived). Sponsor switched in May 2025 for $6.5M cash. Post-quarter, a July deal with ReserveOne eyes Q4 close, backed by $500M equity PIPE and $250M convertible notes. Yet redemption risks loom large if the merger falters.
8-K
Note amendment corrects warrant price
M3-Brigade Acquisition V Corp. amended its convertible promissory note with sponsor M17 Sponsor, LLC, on July 16, 2025, fixing a clerical error that slashed the conversion price for up to $1,500,000 of principal into private placement warrants from $1.50 to $1.00 each. The note, capped at $2,500,000 with $500,000 already drawn, supports the SPAC's ongoing operations amid its search for a target. This tweak eases sponsor liquidity. No other terms shifted.
8-K
M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU) announced a definitive business combination agreement with ReserveOne, Inc., a digital asset management firm. The transaction values ReserveOne at $1 billion, including $297.7 million from M3-Brigade's trust account and $750 million in PIPE offerings ($500 million equity and $250 million convertible notes). ReserveOne will manage a diversified cryptocurrency portfolio anchored by Bitcoin, with yield generation through staking and lending. The deal is expected to close in Q4 2025, subject to shareholder approval. ReserveOne aims to mirror the proposed U.S. Strategic Bitcoin Reserve, providing institutional-grade access to digital assets. Leadership includes CEO Jaime Leverton and board members like Reeve Collins and Wilbur Ross. The combined company will trade on NASDAQ under 'RONE' post-closing.
M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU) announced a definitive business combination agreement with ReserveOne, Inc., a digital asset management firm. The transaction values ReserveOne at $1 billion, including $297.7 million from M3-Brigade's trust account and $750 million in PIPE offerings ($500 million equity and $250 million convertible notes). ReserveOne will manage a diversified cryptocurrency portfolio anchored by Bitcoin, with yield generation through staking and lending. The deal is expected to close in Q4 2025, subject to shareholder approval. ReserveOne aims to mirror the proposed U.S. Strategic Bitcoin Reserve, providing institutional-grade access to digital assets. Leadership includes CEO Jaime Leverton and board members like Reeve Collins and Wilbur Ross. The combined company will trade on NASDAQ under 'RONE' post-closing.
8-K
Board expands, sponsor note issued
M3-Brigade Acquisition V Corp. expanded its board from five to seven directors effective June 13, 2025, appointing independent members Paul W. Kopsky, Jr. as Class III director and Audit Committee chair, and Franklin Tsung as Class II director. This bolsters governance amid the SPAC's search for a business combination. On June 16, 2025, the company issued a non-interest-bearing promissory note to its sponsor, borrowing $500,000 initially for working capital, with up to $2.5 million available and repayment due upon closing a deal. Board expansion sharpens oversight.
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