• M3-Brigade Acquisition V posted Q1 net income of USD 1.71 million, down 41.18% from a year earlier.
• Interest income from Trust Account fell 12.53% to USD 2.7 million, while general and operating costs climbed to USD 985,315.
• Marketable securities in Trust Account rose to USD 309.58 million as of March 31, 2026, with cash outside trust at USD 876,078 and working capital deficit at USD 6.98 million.
• Outstanding borrowings included USD 2.5 million under Sponsor Note and USD 1.1 million under 2026 Note, which bears no interest and is due upon closing initial business combination.
• Business combination with ReserveOne expected to close in second quarter of 2026, subject to customary conditions.

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