08:25 AM EDT, 07/08/2025 (MT Newswires) -- M3-Brigade Acquisition V Corp. ( MBAV ) , a blank-check firm, has agreed to merge with ReserveOne, a digital asset management firm, the latter said Tuesday.

The deal is expected to provide more than $1 billion in gross proceeds, including up to about $297.7 million held in M3-Brigade's trust account and $750 million in capital from institutional investors.

ReserveOne said it will be led by Chief Executive Jaime Leverton, who is a former CEO at Hut 8 (HUT), and Sebastian Bea as president. The company will hold and manage a basket of cryptocurrencies.

Shares, warrants and units of M3-Brigade will continue to trade on Nasdaq under the symbols "MBAV," "MBAVW," and "MBAVU," respectively, until the merger closes. Deal completion is expected to occur in Q4, the company said.