On July 7, 2025, M3-Brigade Acquisition V Corp. entered into a business combination agreement with ReserveOne, which involves merging and re-registering as a Delaware corporation, leading to ReserveOne becoming a wholly-owned subsidiary of the new public entity, Pubco. This transaction is expected to close in Q4 2025 and involves asset and stock conversions along with a $500 million cash requirement from PIPE investments.