ReserveOne has filed a confidential draft registration statement with the U.S. Securities and Exchange Commission (SEC) to proceed with a $1 billion public listing on the Nasdaq via a merger with M3-Brigade Acquisition V Corp. The announcement follows ReserveOne’s submission of a Form S-4 registration.
The business combination, revealed in July 2025, establishes ReserveOne’s path to becoming a publicly traded entity. The merged company, referred to as “Pubco,” is expected to trade under the ticker symbol “RONE” if the plan moves forward.
Filing with the SEC initiates a regulatory review, after which ReserveOne and M3-Brigade shareholders will vote to approve the deal. If approved, the transaction is expected to close by the end of the year, at which point trading on Nasdaq is anticipated to commence.
ReserveOne Gains $750M Backing and Strong Leadership for Nasdaq SPAC
ReserveOne is positioning itself for a Nasdaq listing with a diversified digital asset portfolio spanning Bitcoin, Ethereum, and Solana, aiming to build reserves exceeding $1 billion.
The listing has heavyweight support from Blockchain.com and Kraken, providing up to $750 million in equity and debt financing. The leadership team blends crypto and Wall Street experience, with former Hut 8 CEO Jaime Leverton as chief executive, Sebastian Bea (ex-BlackRock, Coinbase Asset Management) as president, and Tether co-founder Reeve Collins as chair.
By pursuing a SPAC merger instead of a traditional IPO, ReserveOne accelerates its access to public capital, a route increasingly popular among digital asset firms. The move positions the company against other publicly traded crypto players while regulatory scrutiny and Nasdaq’s evolving listing standards shape the competitive landscape.
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