M3-Brigade Acquisition V Corp. reported its financial results for the quarter ending June 30, 2025, revealing a net income of $2.2 million, a significant increase from a net loss of $33,600 in the same quarter of the previous year. For the six months ending June 30, 2025, the company recorded a net income of $5.1 million, compared to a loss of $49,474 for the period from its inception on March 12, 2024, through June 30, 2024. The increase in profitability was primarily driven by interest income of $3.1 million earned on marketable securities held in the Trust Account, which rose to $300.8 million as of June 30, 2025, up from $294.6 million at the end of 2024.
The company’s operational expenses also saw a notable rise, with general and administrative costs amounting to $873,724 for the quarter, compared to $33,600 in the prior year. This increase reflects the company's ongoing efforts to prepare for its initial business combination, which has yet to be finalized. M3-Brigade Acquisition V Corp. remains a non-accelerated filer and an emerging growth company, having not yet engaged in substantive discussions regarding a specific business combination target.
In terms of strategic developments, M3-Brigade Acquisition V Corp. entered into a business combination agreement on July 7, 2025, with ReserveOne, Inc. This agreement outlines a plan for the company to transition from a Cayman Islands entity to a Delaware corporation, with the expectation that the merger will be completed in the fourth quarter of 2025. The company has also issued a promissory note to its sponsor, allowing for borrowing up to $2.5 million to support operational needs, with $500,000 already drawn down.
As of June 30, 2025, M3-Brigade Acquisition V Corp. had 28,750,000 Class A ordinary shares and 7,187,500 Class B ordinary shares outstanding. The company has indicated that it may need to raise additional funds to meet operational expenditures or to complete its business combination, depending on the costs associated with the transaction. The management has expressed confidence in the company's ability to complete a business combination, although it acknowledges the inherent uncertainties involved in such transactions.
About M3-Brigade Acquisition V Corp.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.