M3-Brigade Acquisition V Corp. reported entering into a Securities Purchase Agreement on May 23, 2025, where the Original Sponsor sold 7,187,500 Class B shares and 5,043,750 warrants to the New Sponsor for $6,467,500, effective May 27, 2025. This led to a change in control, with the New Sponsor now owning all Class B shares and appointing new directors and executives, including Chinh Chu as President and Reeve Collins as CEO.