- CEO
- Robert Rivas Collins
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 1700 Broadway New York NY United States of America 10019
- IPO Date
- Sep 23, 2024
- Business
- M3-Brigade Acquisition V Corp. M3-Brigade Acquisition V Corp. is a blank check company whose principal business activity focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, typically targeting companies with an enterprise value of at least $1 billion across any industry or geographic region. The company offers Class A ordinary shares, units and warrants traded on the New York Stock Exchange under the symbols MBAV, MBAVU and MBAVW, respectively; it holds cash in trust from its initial public offering and private placements for deployment in a business combination. Incorporated in the Cayman Islands and headquartered in New York, New York, the special purpose acquisition company was founded in 2024 and draws operational expertise from affiliates including M3 Partners, LP, a financial advisory firm specializing in companies at growth inflection points, and Brigade Capital Management, LP, a global investment advisor with approximately $25 billion in assets under management focused on credit strategies.
Leadership comprises Executive Chairman Mohsin Y. Meghji, a managing partner of M3 Partners with over 30 years in restructuring and value creation across sectors like power, energy, industrials and consumer finance, including roles at prior SPACs and turnarounds such as Springleaf (now OneMain Holdings, Inc.); Chief Executive Officer and Director Matthew Perkal, who leads Brigade's coverage in retail, consumer, gaming and lodging sectors with experience in private credit deals like Barneys and Sears; and directors including Frederick Arnold, chair of the audit committee with extensive investment banking and board governance tenure at firms like Lehman Brothers and Navient Corporation, and Benjamin Fader-Rattner, chair of the nominating committee with credit investment background at Nexus Capital Management and prior SPACs.
In a major recent development, M3-Brigade Acquisition V Corp. entered into a definitive business combination agreement on July 7, 2025, with ReserveOne, Inc., a newly formed digital asset management firm, through a reverse merger transaction valued at approximately $1 billion in gross proceeds that includes up to $297.7 million from the company's trust account (assuming no redemptions), $750 million in committed common equity and warrants from institutional investors, and $250 million in convertible notes; the deal, advised by Troutman Pepper Locke, contemplates domestication, SPAC merger and related restructurings to create a public entity focused on cryptocurrency and blockchain opportunities amid regulatory evolution. The company completed its initial public offering on August 2, 2024, raising over $287.5 million in gross proceeds on the NYSE. No merger has closed as of the latest quarterly reporting for September 30, 2025, with operations centered on pursuing and executing this or alternative combinations.