Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $491,393, with general and administrative costs of $2,868,287 and compensation expenses of $765,773, offset by $3,142,667 from interest earned on marketable securities held in the Trust Account[177]. - For the nine months ended September 30, 2025, the company had a net income of $4,606,168, consisting of $9,331,539 from interest earned on marketable securities, offset by $3,913,871 of general and administrative costs and compensation expenses of $811,500[178]. Marketable Securities - As of September 30, 2025, the company had marketable securities held in the Trust Account amounting to $303,948,781, which will be primarily used to complete the Business Combination[184]. - The company generated non-operating income from interest on cash and marketable securities held in the Trust Account, with no operating revenues expected until after the Business Combination[176]. Initial Public Offering - The company raised gross proceeds of $287,500,000 from the Initial Public Offering of 28,750,000 Units at $10.00 per Unit, including the full exercise of the over-allotment option[181]. - The company incurred transaction costs of $19,406,996 related to the Initial Public Offering, which included $5,000,000 in cash underwriting fees and $13,400,000 in deferred underwriting fees[182]. Business Combination - The company expects the closing of the Business Combination to occur in the first quarter of 2026, subject to customary closing conditions[175]. - The company may need to raise additional funds to complete the Business Combination or to cover potential redemptions of Public Shares[188]. Debt and Financing - The company has no long-term debt or capital lease obligations as of September 30, 2025[191]. - The company has the option to borrow up to $2,500,000 from the Sponsor under a Note, which bears no interest and is payable on the Maturity Date[183].
M3-Brigade Acquisition V Corp.(MBAV) - 2025 Q3 - Quarterly Report