M3-Brigade Acquisition V Corp (Nasdaq: MBAV) cancelled its extraordinary general meeting after entering a Mutual Termination Agreement ending its business combination with ReserveOne, effective June 12, 2026.
The company arranged sponsor share sales, potential loans and voting/non-redemption agreements, and plans to seek a 12‑month extension and other charter amendments.
M3-Brigade Acquisition V (Nasdaq: MBAV) postponed its extraordinary general meeting to approve its proposed business combination with ReserveOne from June 15, 2026 to June 18, 2026 at 12:00 p.m. ET.
The company also extended the Class A share redemption deadline from June 11, 2026 to June 16, 2026.
M3-Brigade Acquisition V Corp. announced that starting September 23, 2024, holders of units from its initial public offering (IPO) on August 2, 2024, can elect to trade the Class A ordinary shares and warrants separately. The IPO included 28,750,000 units, with 3,750,000 units issued through underwriters' overallotment. Separated Class A shares and warrants will trade on the Nasdaq Global Market under the symbols MBAV and MBAVW, respectively. Units not separated will continue to trade under the symbol MBAVU. No fractional warrants will be issued; only whole warrants will trade. Brokers must contact Continental Stock Transfer & Trust Company to separate the units. The registration statement for these securities was declared effective by the SEC on July 31, 2024. Cantor Fitzgerald & Co. was the sole book-running manager for the offering.