M3-Brigade’s financing for ReserveOne includes approximately $298 million from its SPAC trust account as part of the merger to take ReserveOne public

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The deal includes $297.7 million in SPAC trust capital and $750 million in PIPE commitments from crypto industry heavyweights including Galaxy Digital, Kraken, Pantera Capital, Blockchain.com, and CC Capital.
The funding includes approximately $298 million from M3-Brigade’s trust account and an additional $750 million ($500 million in equity and warrants, plus $250 million in convertible notes) in new capital from major institutional investors. That financing includes participation from Blockchain.com, FalconX, Galaxy Digital, Kraken, Pantera Capital, Hivemind, and ParaFi, among others.