M3-Brigade Acquisition V Corp. (MBAV) and ReserveOne, Inc. have mutually terminated their Business Combination Agreement (BCA) dated July 7, 2025, effective June 12, 2026. The company is seeking shareholder approval to extend its business combination deadline by 12 months, from August 2, 2026, to August 2, 2027. MBAV entered into Securities Purchase Agreements to sell 4,279,279 Class A ordinary shares to investors at $3.33 per share, generating $14,250,000 in gross proceeds for the sponsor. The sponsor will provide up to $4,000,000 in loans to the company to cover accrued expenses. The company plans to rename itself to Velos Acquisition I Corp. and remove the fairness opinion requirement from its articles. Voting and Non-Redemption Agreements were secured with investors covering approximately 16,000,000 Class A shares to support the extension proposals.