Cryptocurrency Asset Management Company ReserveOne to Go Public via $1 Billion SPAC Deal

BlockBeats News, July 8th, according to GlobeNewswire, digital asset management company ReserveOne Inc. announced today that it has reached a definitive business combination agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The company plans to hold and manage a basket of crypto assets with Bitcoin as the core, covering assets such as Ethereum, Solana, and others with staking and lending potential, providing asset appreciation services to institutional investors.

This transaction is expected to bring ReserveOne over $1 billion in financing, including approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, including $500 million in common stock and warrants and $250 million in convertible bonds.

Strategic investors participating in this round of financing include: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and other institutions. After the completion of the transaction, ReserveOne plans to be listed on Nasdaq.