M3-Brigade Acquisition V Corp. Announces Sponsor Transition As Digital Assets Veteran Reeve Collins Becomes CEO; CC Capital's Chinh Chu Was Named President; New Sponsor Acquires Over 7.1M Class B Shares And 8.3M Warrants For ~$6.47M

Digital Assets Industry Veteran Reeve Collins to Serve as Chief Executive Officer

NEW YORK, May 27, 2025 /PRNewswire/ -- M3-Brigade Acquisition V Corp., a Cayman Islands exempted company (NASDAQ:MBAVU, MBAV, MBAVW))) ("M3-Brigade"), announced the closing of a transaction in which MI7 Sponsor, LLC, a Delaware limited liability company and a CC Capital affiliate, along with Reeve Collins ("New Sponsor"), purchased 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants of M3-Brigade owned by M3-Brigade Sponsor V LLC, a Delaware limited liability company ("Original Sponsor"), for an aggregate purchase price of $6,467,500. Additionally, the New Sponsor expects to purchase 3,293,750 additional private placement warrants of M3-Brigade from Cantor Fitzgerald & Co.