Velos Acquisition I Corp. Form 8-K Filing Summary

Velos Acquisition I Corp. (formerly M3-Brigade Acquisition V Corp.) filed a Form 8-K on July 21, 2026, detailing several significant events. Shareholders approved amendments to the company's articles of association, including an extension of the deadline to consummate a business combination by 12 months to August 2, 2027. They also approved a proposal allowing the company to withdraw up to $0.10 per share from interest earned in the trust account to cover ordinary expenses and accrued liabilities. The company's name was officially changed to Velos Acquisition I Corp., and its trading symbols will change from MBAV, MBAVU, and MBAVW to VLOS, VLOSU, and VLOSW, effective July 23, 2026. Additionally, the company entered into a Trust Agreement Amendment to facilitate the withdrawal of interest from the trust account and issued a promissory note to its sponsor, MI7 Sponsor, LLC, for up to $4,000,000, of which $3,500,000 was borrowed on July 21, 2026, to cover existing liabilities and for general working capital. Shareholders also approved the removal of the fairness opinion requirement from the articles of association. In connection with these events, approximately $10.88 per share was redeemed, leaving $177,286,938 in the trust account. The sponsor converted its Class B shares to Class A shares, and certain shares and warrants were sold or transferred to investors.