# Velos Acquisition I Corp. (MBAVW) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_a80a4c99f78f7480b431 · retrieved 2026-08-11T16:11:14.479Z

## Overview
Velos Acquisition I Corp. is a blank-check company seeking to complete an initial business combination with an operating business.

On July 17, 2026, Velos Acquisition I Corp. (formerly M3-Brigade Acquisition V Corp.) held an Extraordinary General Meeting where shareholders approved four amendments to the company's articles of association. The primary amendment extended the deadline for completing an initial business combination by 12 months to August 2, 2027. Shareholders also approved a Trust Interest Withdrawal Amendment permitting the company to withdraw up to $0.10 per outstanding Class A Ordinary Share from interest earned on its trust account, with $1,000,000 designated for ordinary course expenses and any excess for accrued liabilities. Following the meeting, 12,455,589 Class A Ordinary Shares were redeemed at approximately $10.88 per share, leaving approximately $177,286,938 in the trust account. On July 20, 2026, the sponsor converted 7,187,500 Class B Ordinary Shares into Class A Ordinary Shares, and sold 4,279,275 converted shares to certain investors while transferring 7,612,155 private placement warrants to voting shareholders.

## Terms
- Price/share: $10.88

## Key dates
- Announced 2026-07-21 · Record 2026-06-25 · Vote 2026-07-17 · Expected close 2027-08-02

## Timeline
- 2026-07-21 · 8-K (0001213900-26-080019): 8-K - Velos Acquisition I Corp. — *Velos Acquisition I Corp. is a blank-check company seeking to complete an initial business combination with an operating business.* On July 17, 2026, Velos Acquisition I Corp. (formerly M3-Brigade Acquisition V Corp.) held an Extraordinary General Meeting where shareholders approved four amendments to the company's articles of association. The primary amendment extended the deadline for completing an initial business combination by 12 months to August 2, 2027. Shareholders also approved a Trust Interest Withdrawal Amendment permitting the company to withdraw up to $0.10 per outstanding Class A Ordinary Share from interest earned on its trust account, with $1,000,000 designated for ordinary course expenses and any excess for accrued liabilities. Following the meeting, 12,455,589 Class A Ordinary Shares were redeemed at approximately $10.88 per share, leaving approximately $177,286,938 in the trust account. On July 20, 2026, the sponsor converted 7,187,500 Class B Ordinary Shares into Class A Ordinary Shares, and sold 4,279,275 converted shares to certain investors while transferring 7,612,155 private placement warrants to voting shareholders.
  https://www.sec.gov/Archives/edgar/data/2016072/0001213900-26-080019.txt

## Citations
- 0001213900-26-080019 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080019