M3-Brigade Acquisition V Corp. Sees Mass Executive & Board Resignations; New CEO/CFO Appointed
Summary
M3-Brigade Acquisition V Corp. announced the immediate resignations of its CEO, CFO, COO, and three board members, appointing new leadership from its sponsor's affiliate without compensation.
Key Events
-
Mass Executive Resignations
Robert Rivas Collins (CEO), Eric Greenhaus (CFO), and Matthew Perkal (COO) resigned from their positions, effective June 18, 2026. The company stated these were not due to disagreements.
-
Multiple Director Departures
Mohsin Y. Meghji, Benjamin Fader-Rattner, and Matthew Perkal also resigned from the Board of Directors and all committees, effective June 18, 2026. This was also stated as not being due to disagreements.
-
New CEO Appointed
Chinh Chu, the current President and Senior Managing Director of CC Capital (an affiliate of the company's sponsor), was appointed as the new principal executive officer. He will receive no compensation for this role.
-
New CFO Appointed
Thomas Boychuk, the Chief Financial Officer of CC Capital, was appointed as the new Chief Financial Officer, principal financial officer, and principal accounting officer. He will also receive no compensation.
Analysis
This filing reports a complete overhaul of M3-Brigade Acquisition V Corp.'s leadership, with the CEO, CFO, COO, and three directors resigning simultaneously. This follows the recent termination of its planned merger with ReserveOne and the company's reiterated 'going concern' warning. The appointment of new executive officers, both affiliated with the company's sponsor and receiving no compensation, signals a critical restructuring and a direct intervention by the sponsor to navigate the company's distressed situation.
At the time of this filing, MBAV was trading at $10.80 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $388.1M. The 52-week trading range was $9.10 to $13.73. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.