Company Overview - M3-Brigade Acquisition V Corp. has completed a transaction where MI7 Sponsor, LLC, along with Reeve Collins, purchased 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants for a total of $6,467,500 [1] - Following the transaction, M3-Brigade plans to seek a business combination target in the digital assets industry and intends to change its name to CCRC Digital Assets Corp. [2] Leadership Changes - Reeve Collins, co-founder of Tether, has been appointed as the Chief Executive Officer, while Chinh Chu from CC Capital has been named President [3] - New board members include Thomas L. Fairfield and Edward Murphy, both of whom bring extensive experience in finance and strategic consulting [6] Industry Focus - The company aims to focus on digital assets, leveraging Collins' background in the space, including his role in co-founding Tether and BLOCKv, which are significant players in the digital asset and NFT markets [4] - CC Capital, led by Chinh Chu, has a history of creating SPACs and investing in high-quality businesses, which aligns with M3-Brigade's strategic direction [5][8]