[425] M3-Brigade Acquisition V Corp. Business Combination Communication
M3‑Brigade Acquisition V Corp. (MBAV) filed communications under Rule 425 regarding its proposed business combination with ReserveOne, Inc. and ReserveOne Holdings, Inc. (Pubco). ReserveOne posted updates on LinkedIn, and CEO Jaime Leverton shared the company’s intended digital‑asset treasury approach on LinkedIn and X.
Leverton outlined a diversified strategy: target 80% of digital assets in Bitcoin and 20% across select tokens, with Ethereum planned as the second‑largest position at about 10%, alongside Solana, XRP and ADA. The company also plans to pursue yield‑generation strategies on its holdings and may allocate up to 10% of AUM to private or venture investments.
The filing notes participants may be deemed to solicit proxies in connection with the business combination, with details to appear in a forthcoming proxy statement/prospectus. It includes a customary caution that these statements are forward‑looking and subject to risks described in SEC filings.
M3‑Brigade Acquisition V Corp. (MBAV) ha presentato comunicazioni ai sensi della Regola 425 riguardo alla sua proposta di fusione aziendale con ReserveOne, Inc. e ReserveOne Holdings, Inc. (Pubco). ReserveOne ha pubblicato aggiornamenti su LinkedIn, e il CEO Jaime Leverton ha condiviso l’approccio della tesoreria di asset digitali della società su LinkedIn e X.
Leverton ha delineato una strategia diversificata: puntare all’80% degli asset digitali in Bitcoin e al 20% in una selezione di token, con Ethereum previsto come seconda posizione più grande a circa 10%, insieme a Solana, XRP e ADA. L’azienda intende anche perseguire strategie di generazione di rendimento sui propri asset e potrebbe destinare fino al 10% degli AUM a investimenti privati o di venture.
La documentazione segnala che i partecipanti potrebbero essere considerati per sollecitare deleghe in relazione all’aggregazione commerciale, con dettagli che appariranno in un prossimo proxy statement/prospectus. Include un avviso consueto che tali dichiarazioni sono forward‑looking e soggette a rischi descritti nei filing SEC.
MBAV ha presentado comunicaciones conforme a la Regla 425 respecto a su propuesta de fusión empresarial con ReserveOne, Inc. y ReserveOne Holdings, Inc. (Pubco). ReserveOne publicó actualizaciones en LinkedIn, y el CEO Jaime Leverton compartió el enfoque de tesorería de activos digitales de la compañía en LinkedIn y X.
Leverton describió una estrategia diversificada: apuntar al 80% de los activos digitales en Bitcoin y un 20% en tokens selectos, con Ethereum planeado como la segunda posición más grande en aproximadamente 10%, junto a Solana, XRP y ADA. La empresa también planea perseguir estrategias de generación de rendimiento sobre sus holdings y podría asignar hasta el 10% de AUM a inversiones privadas o de venture.
La presentación señala que los participantes pueden ser considerados para solicitar poderes en relación con la fusión, con detalles que aparecerán en un próximo proxy statement/prospectus. Incluye una advertencia habitual de que estas declaraciones son prospectivas y están sujetas a riesgos descritos en los archivos de la SEC.
M3‑Brigade Acquisition V Corp. (MBAV)가 ReserveOne, Inc. 및 ReserveOne Holdings, Inc. (Pubco)와의 제안된 사업결합에 대해 규칙 425에 따라 커뮤니케이션을 제출했습니다. ReserveOne은 LinkedIn에 업데이트를 게시했고, CEO Jaime Leverton은 LinkedIn과 X에서 회사의 디지털 자산 금고 접근 방식을 공유했습니다.
Leverton은 다각화된 전략을 제시했습니다: 디지털 자산의 80%를 비트코인에, 20%를 선택된 토큰에 배정하고, 이더리움을 약 10% 수준으로 두 번째로 큰 포지션으로 계획하며 솔라나, XRP, ADA와 함께 배치합니다. 또한 회사는 보유 자산에 대한 수익 창출 전략을 추구하고 자산관리총액(AUM)의 최대 10%를 프라이빗 또는 벤처 투자에 배정할 수 있습니다.
제출서는 참가자들이 사업결합과 관련해 의사소견 요청으로 간주될 수 있음을 명시하고, 구체적 내용은 향후 의결권 대리 선언/투자설명서에 공개될 것이라고 명시합니다. 또한 이러한 진술은 미래지향적이며 SEC 제출에 설명된 위험에 따라 달라질 수 있는 일반적인 주의사항을 포함합니다.
MBAV a déposé des communications en vertu de la règle 425 concernant sa proposition de fusion d’affaires avec ReserveOne, Inc. et ReserveOne Holdings, Inc. (Pubco). ReserveOne a publié des mises à jour sur LinkedIn, et le PDG Jaime Leverton a partagé l’approche de la trésorerie des actifs numériques de l’entreprise sur LinkedIn et X.
Leverton a exposé une stratégie diversifiée: viser 80% des actifs numériques en Bitcoin et 20% dans une sélection de jetons, avec Ethereum prévu comme la deuxième position la plus importante à environ 10%, aux côtés de Solana, XRP et ADA. L’entreprise prévoit également de poursuivre des stratégies de génération de rendement sur ses avoirs et pourrait allouer jusqu’à 10% des AUM à des investissements privés ou en capital‑risque.
Le dossier précise que les participants pourraient être réputés solliciter des procurations en lien avec la fusion, avec les détails qui apparaîtront dans une prochaine déclaration d’assemblée/prospectus. Il comporte un avertissement habituel indiquant que ces déclarations sont prospectives et soumises à des risques décrits dans les dépôts SEC.
MBAV hat gemäß Regel 425 Kommunikationen bezüglich seiner vorgeschlagenen Unternehmensfusion mit ReserveOne, Inc. und ReserveOne Holdings, Inc. (Pubco) eingereicht. ReserveOne veröffentlichte Updates auf LinkedIn, und CEO Jaime Leverton hat den geplanten Ansatz der digitalen Vermögenswerte des Unternehmens auf LinkedIn und X geteilt.
Leverton skizzierte eine diversifizierte Strategie: Ziel sind 80% der digitalen Vermögenswerte in Bitcoin und 20% in ausgewählte Token, wobei Ethereum als zweitgrößte Position bei ca. 10% geplant ist, zusammen mit Solana, XRP und ADA. Das Unternehmen plant auch, Ertragsgenerierungsstrategien für seine Bestände zu verfolgen und könnte bis zu 10% des AUM in private oder Venture-Investitionen investieren.
Die Einreichung weist darauf hin, dass Teilnehmer möglicherweise als zur Anforderung von Stimmrechten im Zusammenhang mit der Unternehmensfusion angesehen werden könnten, mit Details, die in einer kommenden Proxy-Erklärung/Prospekt erscheinen werden. Sie enthält einen üblichen Hinweis, dass diese Aussagen zukunftsgerichtet sind und Risiken beinhalten, die in den SEC‑Unterlagen beschrieben werden.
MBAV قدمت اتصالات وفقاً للقاعدة 425 فيما يتعلق بالاندماج التجاري المقترح مع ReserveOne, Inc. و ReserveOne Holdings, Inc. (Pubco). نشرت ReserveOne تحديثات على LinkedIn، وشارك الرئيس التنفيذي Jaime Leverton نهج خزانة الأصول الرقمية للشركة على LinkedIn و X.
شرح Leverton استراتيجية متعددة التنوع: استهداف 80% من الأصول الرقمية في بيتكوين و 20% عبر رموز مختارة، مع توقع أن تكون إيثيريوم هي ثاني أكبر موضع بحوالي 10%، إلى جانب سولانا و XRP و ADA. كما تخطط الشركة لملاحقة استراتيجيات توليد العائد على ممتلكاتها وقد تخصص حتى 10% من AUM للاستثمارات الخاصة أو رأس المال المغامر.
تشير الوثيقة إلى أن المشاركين قد يُعتبرون مطالبين بسفارة أو تفويضات فيما يتعلق بالاندماج، مع تفاصيل ستظهر في بيان الوكلاء/الوثيقة القادمة. وتشمل تحذيراً اعتيادياً بأن هذه التصريحات مستقبلية وتخضع للمخاطر الواردة في ملفات SEC.
M3‑Brigade Acquisition V Corp. (MBAV) 根据规则 425 就其与 ReserveOne, Inc. 及 ReserveOne Holdings, Inc. (Pubco) 的拟议业务合并提交了通讯。ReserveOne 在 LinkedIn 上发布了更新，CEO Jaime Leverton 也在 LinkedIn 与 X 上分享了公司数字资产金库的预期方法。
Leverton 概述了一项多元化策略：将数字资产的 80% 投入比特币，20% 分散在精选代币上，以太坊 预计作为第二大仓位约 10%，并与 Solana、XRP 和 ADA 一同配置。公司还计划在其持有的资产上寻求收益生成策略，可能将高达 10% 的资产管理规模（AUM）分配给私募或风险投资。
filing 指出，参与者可能被视为就此项业务合并进行委托代理的请求，相关细节将出现在即将发布的代理声明/招股说明书中。还包含一条通常性警告，称这些陈述属于前瞻性，且受 SEC 文件中描述的风险影响。
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Insights
SPAC target ReserveOne outlines crypto treasury strategy (80% BTC, 20% alt mix, yield, 10% private investments); no new deal terms; risks hinge on crypto/regulatory outcomes.
M3‑Brigade and **ReserveOne** previously signed a Business Combination Agreement on
Closing still depends on customary conditions, shareholder approvals, the Form S‑4/proxy effectiveness, and redemption levels. The model concentrates exposure in Bitcoin (
Watch for the S‑4/proxy to detail participant interests, operating costs, governance, and risk factors. Key near‑term markers are the filing of the S‑4/proxy and the shareholder vote timeline following these
M3‑Brigade Acquisition V Corp. (MBAV) ha presentato comunicazioni ai sensi della Regola 425 riguardo alla sua proposta di fusione aziendale con ReserveOne, Inc. e ReserveOne Holdings, Inc. (Pubco). ReserveOne ha pubblicato aggiornamenti su LinkedIn, e il CEO Jaime Leverton ha condiviso l’approccio della tesoreria di asset digitali della società su LinkedIn e X.
Leverton ha delineato una strategia diversificata: puntare all’80% degli asset digitali in Bitcoin e al 20% in una selezione di token, con Ethereum previsto come seconda posizione più grande a circa 10%, insieme a Solana, XRP e ADA. L’azienda intende anche perseguire strategie di generazione di rendimento sui propri asset e potrebbe destinare fino al 10% degli AUM a investimenti privati o di venture.
La documentazione segnala che i partecipanti potrebbero essere considerati per sollecitare deleghe in relazione all’aggregazione commerciale, con dettagli che appariranno in un prossimo proxy statement/prospectus. Include un avviso consueto che tali dichiarazioni sono forward‑looking e soggette a rischi descritti nei filing SEC.
MBAV ha presentado comunicaciones conforme a la Regla 425 respecto a su propuesta de fusión empresarial con ReserveOne, Inc. y ReserveOne Holdings, Inc. (Pubco). ReserveOne publicó actualizaciones en LinkedIn, y el CEO Jaime Leverton compartió el enfoque de tesorería de activos digitales de la compañía en LinkedIn y X.
Leverton describió una estrategia diversificada: apuntar al 80% de los activos digitales en Bitcoin y un 20% en tokens selectos, con Ethereum planeado como la segunda posición más grande en aproximadamente 10%, junto a Solana, XRP y ADA. La empresa también planea perseguir estrategias de generación de rendimiento sobre sus holdings y podría asignar hasta el 10% de AUM a inversiones privadas o de venture.
La presentación señala que los participantes pueden ser considerados para solicitar poderes en relación con la fusión, con detalles que aparecerán en un próximo proxy statement/prospectus. Incluye una advertencia habitual de que estas declaraciones son prospectivas y están sujetas a riesgos descritos en los archivos de la SEC.
M3‑Brigade Acquisition V Corp. (MBAV)가 ReserveOne, Inc. 및 ReserveOne Holdings, Inc. (Pubco)와의 제안된 사업결합에 대해 규칙 425에 따라 커뮤니케이션을 제출했습니다. ReserveOne은 LinkedIn에 업데이트를 게시했고, CEO Jaime Leverton은 LinkedIn과 X에서 회사의 디지털 자산 금고 접근 방식을 공유했습니다.
Leverton은 다각화된 전략을 제시했습니다: 디지털 자산의 80%를 비트코인에, 20%를 선택된 토큰에 배정하고, 이더리움을 약 10% 수준으로 두 번째로 큰 포지션으로 계획하며 솔라나, XRP, ADA와 함께 배치합니다. 또한 회사는 보유 자산에 대한 수익 창출 전략을 추구하고 자산관리총액(AUM)의 최대 10%를 프라이빗 또는 벤처 투자에 배정할 수 있습니다.
제출서는 참가자들이 사업결합과 관련해 의사소견 요청으로 간주될 수 있음을 명시하고, 구체적 내용은 향후 의결권 대리 선언/투자설명서에 공개될 것이라고 명시합니다. 또한 이러한 진술은 미래지향적이며 SEC 제출에 설명된 위험에 따라 달라질 수 있는 일반적인 주의사항을 포함합니다.
MBAV a déposé des communications en vertu de la règle 425 concernant sa proposition de fusion d’affaires avec ReserveOne, Inc. et ReserveOne Holdings, Inc. (Pubco). ReserveOne a publié des mises à jour sur LinkedIn, et le PDG Jaime Leverton a partagé l’approche de la trésorerie des actifs numériques de l’entreprise sur LinkedIn et X.
Leverton a exposé une stratégie diversifiée: viser 80% des actifs numériques en Bitcoin et 20% dans une sélection de jetons, avec Ethereum prévu comme la deuxième position la plus importante à environ 10%, aux côtés de Solana, XRP et ADA. L’entreprise prévoit également de poursuivre des stratégies de génération de rendement sur ses avoirs et pourrait allouer jusqu’à 10% des AUM à des investissements privés ou en capital‑risque.
Le dossier précise que les participants pourraient être réputés solliciter des procurations en lien avec la fusion, avec les détails qui apparaîtront dans une prochaine déclaration d’assemblée/prospectus. Il comporte un avertissement habituel indiquant que ces déclarations sont prospectives et soumises à des risques décrits dans les dépôts SEC.
MBAV hat gemäß Regel 425 Kommunikationen bezüglich seiner vorgeschlagenen Unternehmensfusion mit ReserveOne, Inc. und ReserveOne Holdings, Inc. (Pubco) eingereicht. ReserveOne veröffentlichte Updates auf LinkedIn, und CEO Jaime Leverton hat den geplanten Ansatz der digitalen Vermögenswerte des Unternehmens auf LinkedIn und X geteilt.
Leverton skizzierte eine diversifizierte Strategie: Ziel sind 80% der digitalen Vermögenswerte in Bitcoin und 20% in ausgewählte Token, wobei Ethereum als zweitgrößte Position bei ca. 10% geplant ist, zusammen mit Solana, XRP und ADA. Das Unternehmen plant auch, Ertragsgenerierungsstrategien für seine Bestände zu verfolgen und könnte bis zu 10% des AUM in private oder Venture-Investitionen investieren.
Die Einreichung weist darauf hin, dass Teilnehmer möglicherweise als zur Anforderung von Stimmrechten im Zusammenhang mit der Unternehmensfusion angesehen werden könnten, mit Details, die in einer kommenden Proxy-Erklärung/Prospekt erscheinen werden. Sie enthält einen üblichen Hinweis, dass diese Aussagen zukunftsgerichtet sind und Risiken beinhalten, die in den SEC‑Unterlagen beschrieben werden.
Filed by M3-Brigade Acquisition V Corp.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: M3-Brigade Acquisition V Corp.
Commission File No. 001-42171
Subject Company: ReserveOne, Inc.
Subject Company: ReserveOne Holdings, Inc.
Date: October 20, 2025
As previously disclosed, on July 7, 2025, M3-Brigade Acquisition V Corp. (“M3-Brigade”), ReserveOne, Inc. a Delaware corporation (“ReserveOne” or the “Company”), ReserveOne Holdings, Inc., wholly-owned subsidiary of ReserveOne (“Pubco”), R1 SPAC Merger Sub, Inc., a wholly-owned subsidiary of Pubco and R1 Company Merger Sub, Inc., a wholly-owned subsidiary of Pubco, entered into a Business Combination Agreement (the “Business Combination Agreement”).
On October 20, 2025, ReserveOne made the below communications on its LinkedIn account.
On October 20, 2025, Jaime Leverton, Chief Executive Officer of ReserveOne, made the below communications on her LinkedIn and X accounts.
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Jaime Leverton, Chief Executive Officer of ReserveOne, spoke at Milken Institute’s Asia Crypto Summit. The excerpt of the transcript is below.
Jaime: Ours is unique in that we’re the only diversified digital asset treasury company, so we are inspired by what we’ve seen from the federal government. Our intention is to hold 80% of our digital assets in Bitcoin and then 20% in a mix of tokens that are also going to be held by the digital asset stockpile. So for us, we use our own weighting methodology. Ethereum will be our second largest position at about 10% and then we'll have Solana, XRP and ADA as well. We will also be active as far as running yield generation strategies on the digital assets. We also have the structure to invest in private investments or venture investments up to 10% of our AUM, which I think over time becomes important for the retail investor. It becomes important to generate hopefully outsized returns for shareholders and I think these unique structures are going to be important as the space matures.
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Participants in the Solicitation
Each of M3-Brigade, ReserveOne, Pubco and their respective directors, executive officers and certain other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from M3-Brigade’s shareholders in connection with the Proposed Business Combination. Information regarding the persons who may be considered participants in the solicitation of proxies in connection with the Proposed Business Combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials when they are filed with the SEC. Information regarding the directors and executive officers of M3-Brigade is set forth in (i) Part III, Item 10. Directors, Executive Officers and Corporate Governance of M3-Brigade’s Annual Report on Form 10-K and (ii) M3-Brigade’s Current Reports on Form 8-K filed with the SEC on May 27, 2025 and June 18, 2025. Information regarding the identity of all potential participants, and their direct and indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus and other relevant materials filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties.
Examples of forward-looking statements include, but are not limited to, statements with respect to the Proposed Business Combination. Such statements include expectations, hopes, beliefs, intentions, plans, prospects, financial results of strategies regarding the Company, Pubco, the Proposed Business Combination and statements regarding the anticipated benefits and timing of the completion of the Proposed Business Combination, the price and volatility of cryptocurrencies, the growing prominence of cryptocurrencies, the macro and political conditions surrounding cryptocurrencies, plans and use of proceeds, objectives of management for future operations of the Company and Pubco, expected operating costs of Pubco, the Company and its subsidiaries, the upside potential and opportunity for investors, the Company’s plan for value creation and strategic advantages, market site and growth opportunities, regulatory conditions, competitive position and the interest of other corporations in similar business strategies, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Business Combination, the satisfaction of closing conditions to the Proposed Business Combination and the level of redemptions of M3-Brigade’s public shareholders, and the Company’s and Pubco’s expectations, intentions, strategies, assumptions or beliefs about future events, results at operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions, include, but are not limited to:
| ● | the risk related to ReserveOne’s lack of operating history as an early stage company, and the information included on this report discusses a business plan that ReserveOne expects to implement upon consummation of the Proposed Business Combination; |
| ● | risks related to ReserveOne’s anticipated business strategy; |
| ● | the risk that the Proposed Business Combination may not be completed in a timely manner or at all; |
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| ● | the failure by the Parties to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of M3-Brigade’s shareholders; |
| ● | the failure to realize the anticipated benefits of the Proposed Business Combination; |
| ● | the limitations on our investments in certain tokens and allocations to yield generation and venture activities under securities laws; | |
| ● | the outcome of any potential legal proceedings that may be instituted against Pubco, ReserveOne, M3-Brigade or others following announcement of the Proposed Business Combination; |
| ● | the level of redemptions of M3-Brigade’s public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of M3-Brigade or the shares of Class A common stock of Pubco; |
| ● | the failure of Pubco to obtain or maintain the listing of its securities on any stock exchange on which the Class A common stock of Pubco will be listed after closing of the Proposed Business Combination; |
| ● | costs related to the Proposed Business Combination and as a result of Pubco becoming a public company; |
| ● | changes in business, market, financial, political and regulatory conditions; |
| ● | risks relating to ReserveOne’s anticipated operations and business, including the highly volatile nature of the price of cryptocurrencies; risks related to increased competition in the industries in which ReserveOne will operate; |
| ● | risks relating to significant legal, commercial, regulatory and technical uncertainty regarding cryptocurrencies; risks related to the treatment of cryptocurrency and other digital assets for U.S. and federal, state, local and non-U.S. tax purposes; |
| ● | risks that after consummation of the Proposed Business Combination, ReserveOne experiences difficulties managing its growth and expanding operations; |
| ● | challenges in implementing the business plan, due to lack of an operating history, operational challenges, significant competition and regulation; |
| ● | being considered to be a “shell company” by any stock exchange or by the SEC; and |
| ● | those risk factors discussed in documents of M3-Brigade or Pubco filed, or to be filed, with the SEC. |
The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section in the final prospectus of M3-Brigade dated as of July 31, 2024 and filed by M3-Brigade with the SEC on August 2, 2024, M3-Brigade’s Quarterly Reports on Form 10-Q, M3-Brigade’s Annual Report on Form 10-K and the registration statement on Form S-4 and proxy statement/prospectus that will be filed by Pubco and M3-Brigade, and other documents filed or to be filed by M3-Brigade and Pubco from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither ReserveOne, Pubco or M3-Brigade presently know or currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and none of the Parties or any of their representatives assumes any obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. None of the Parties or any of their representatives gives any assurance that any of ReserveOne, Pubco or M3-Brigade will achieve its expectations. The inclusion of any statement in this Report does not constitute an admission by ReserveOne, Pubco, M3 Brigade or any other person that the events or circumstances described in such statement are material.
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FAQ
What does MBAV’s Form 425 with ReserveOne cover?
What crypto allocation strategy did ReserveOne outline?
Will ReserveOne invest beyond tokens?
Where were these communications made public?
Who may solicit proxies for the MBAV–ReserveOne deal?
Are the statements about strategy guaranteed outcomes?
