M3-Brigade Acquisition V Corp. Files Q2 2024 10-Q

TL;DR

M3-Brigade Acquisition V Corp. filed its Q2 10-Q. Financials are in.

AI Summary

M3-Brigade Acquisition V Corp. filed its quarterly report on Form 10-Q for the period ended June 30, 2024. The company, incorporated in the Cayman Islands, is a blank check company with its principal executive offices located at 1700 Broadway, New York, NY. The filing details its financial status and operations for the specified quarter.

Why It Matters

This filing provides investors with an update on the financial health and operational status of M3-Brigade Acquisition V Corp. during the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing for a SPAC, providing routine disclosures.

Key Players & Entities

• M3-Brigade Acquisition V Corp. (company) — Registrant
• June 30, 2024 (date) — Quarter end date
• 1700 Broadway, 19th Floor New York, New York 10019 (address) — Principal executive offices
• Cayman Islands (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — LLC Class A ordinary shares, par value $0.0001 per share MBAV The Nasdaq Stock Market
• $11.50 — ordinary share at an exercise price of $11.50 per share MBAVW The Nasdaq Stock Market

Filing Documents

• ea0213643-10q_m3brigade5.htm (10-Q) — 373KB
• ea021364301ex31-1_m3brigade5.htm (EX-31.1) — 17KB
• ea021364301ex31-2_m3brigade5.htm (EX-31.2) — 15KB
• ea021364301ex32-1_m3brigade5.htm (EX-32.1) — 7KB
• ea021364301ex32-2_m3brigade5.htm (EX-32.2) — 7KB
• 0001213900-24-077446.txt ( ) — 2711KB
• mbavu-20240630.xsd (EX-101.SCH) — 31KB
• mbavu-20240630_cal.xml (EX-101.CAL) — 8KB
• mbavu-20240630_def.xml (EX-101.DEF) — 166KB
• mbavu-20240630_lab.xml (EX-101.LAB) — 210KB
• mbavu-20240630_pre.xml (EX-101.PRE) — 156KB
• ea0213643-10q_m3brigade5_htm.xml (XML) — 196KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42171 M3-BRIGADE ACQUISITION V CORP. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1700 Broadway , 19th Floor New York, New York 10019 (Address of principal executive offices) (212) 202-2200 (Issuer's telephone number) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant MBAVU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 per share MBAV The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share MBAVW The Nasdaq Stock Market LLC Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No As of September 10, 2024, there were 28,750,000 Class A ordinary shares, $0.0001 par value and 7,187,500 Class B ordinary shares, $0.0001 par value, issued and outstanding. M3-BRIGADE ACQUISITION V CORP. FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2024 TABLE OF CONTENTS Page Part I. Financial Information Item 1. Interim Financial Statements Condensed Balance Sheet as of June 30, 2024 (Unaudited) 1 Condensed 30, 2024 (Unaudited) 2 Condensed (Inception) Through June 30, 2024 (Unaudited) 3 Condensed 4 Notes to Condensed Financial Statements (Unaudited) 5 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 14 Item 4. Controls and Procedures 15 Part II. Other Information Item 1. Legal Proceedings 16 Item 1A. Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16 Item 3. Defaults Upon Senior Securities 16 Item 4. Mine Safety Disclosures 16 Item 5. Other Information 16 Item 6. Exhibits 17 Part III. Signatures 18 i PART I - FINANCIAL INFORMATION Item 1. Interim Financial Statements. M3-BRIGADE ACQUISITION V CORP. CONDENSED BALANCE SHEET JUNE 30, 2024 (Unaudited) Assets Deferred offering costs $ 733,710 Total Assets $ 733,710 Liabilities and Shareholders' Deficit Accrued offering costs $ 590,306 Advance from related parties 167,878 Total Liabilities $ 758,184 Commitments and Contingencies (Note 6) Shareholders' Deficit Preferred shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 200,000,000 shares authorized; none issued or outstanding — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 7,187,500 shares issued and outstanding (1) 719 Additional paid-in capital 24,281 Accumulated deficit ( 49,474 ) Total Shareholders' Deficit ( 24,474 ) Total Liabilities and Shareholders' Deficit $ 733,710 (1) Includes an aggregate of up to 937,500 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriter's over-allotment option is exerci

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