M3-Brigade Acquisition V Corp. is a blank check company incorporated in the Cayman Islands on March 12 2024 formed for the purpose of effecting a merger share exchange asset acquisition share purchase reorganization or other similar Business Combination with one or more businesses. The company was created to raise capital through an initial public offering and to use those proceeds to acquire or combine with a target business. Its sponsors are M3-Brigade Sponsor V LLC and MI7 Sponsor LLC. The company completed its IPO on August 2 2024 selling 28 750 000 units at $10 00 per unit and simultaneously issuing private placement warrants. The proceeds placed in a trust account are intended to fund the eventual business combination. As of the date of this filing the company has identified ReserveOne Inc as a proposed target and has entered into a business combination agreement that would result in ReserveOne becoming a publicly traded entity after the combination is completed. The company has not yet commenced any operating activities and remains a shell entity awaiting the completion of its initial business combination.

Since its inception the company has not engaged in any operating activities and therefore has not generated any operating revenue. Its only source of income is non operating interest earned on the marketable securities held in the trust account established from the IPO proceeds. For the three months ended September 30 2025 the company reported interest income of $3 142 667 which offset general and administrative expenses and compensation costs resulting in a net loss of $491 393 for that period. For the nine months ended September 30 2025 interest income totaled $9 331 539 leading to a net income of $4 606 168 after deducting operating expenses. The company incurs expenses related to being a public entity including legal financial reporting accounting auditing and due diligence costs. Liquidity is provided by the funds held in the trust account the proceeds from the private placement warrants and borrowings under a non interest bearing note from the sponsor which may be used for working capital while searching for a target. The company expects to commence generating operating revenue only after the completion of its initial business combination.

The company operates in the highly competitive special purpose acquisition company sector where numerous blank check vehicles seek to identify and acquire private businesses. Its peers include other SPACs sponsored by financial institutions hedge funds and experienced management teams that also rely on trust account funds to complete transactions. The company differentiates itself through the experience of its sponsors M3-Brigade Sponsor V LLC and MI7 Sponsor LLC and the support of its underwriter Cantor Fitzgerald & Co which provided the initial public offering and private placement warrants. The size of the trust account which held approximately $303 948 781 in marketable securities as of September 30 2025 gives the company substantial financial capacity to pursue a target. However success in this industry depends on the ability to locate a suitable target negotiate favorable terms and satisfy regulatory and shareholder approval requirements within the prescribed time frame. The proposed business combination with ReserveOne Inc illustrates the company’s effort to complete a transaction that would take the target public while providing investors with a potential return on their investment.

Because the company has not yet commenced any operating activities it does not serve customers in the traditional sense. Its current constituents are the public shareholders who purchased units in the IPO and the sponsor entities that provided seed capital and ongoing support. The company’s future customer base will depend on the nature of the business it ultimately combines with and will be determined only after the completion of the initial business combination. Until that time the company focuses on identifying a target and preparing for the transaction rather than generating revenue from customers.