M3-Brigade Acquisition V Corp is a special purpose acquisition company (SPAC) established by executives from M3 Partners and Brigade Capital Management to identify and complete a business combination with operating companies, primarily in North America and Europe with a focus on disruptive growth sectors including digital assets. The company raised $287.5 million through its initial public offering in August 2024 and operates with no full-time employees, relying on its sponsors' expertise and discretionary time; it generates no revenue and has no operational business of its own, existing solely to pursue and execute a merger or acquisition meeting Nasdaq's minimum value requirements within a specified timeframe. The company must complete a business combination by August 2026 or liquidate and return capital to public shareholders, with the management team having a documented track record from four prior SPACs, including a prior combination resulting in a $1.1 billion acquisition.