Newly formed digital asset management firm ReserveOne has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission as it moves forward with plans for a $1 billion Nasdaq listing.
Summary
- ReserveOne has filed a confidential draft Form S-4 with the SEC for a proposed $1 billion Nasdaq listing.
- The filing is tied to its planned SPAC merger with M3-Brigade Acquisition V Corp.
- If approved, the combined entity will trade under the ticker symbol “RONE.”
ReserveOne is the latest crypto-facing company to pursue a special purpose acquisition company merger in an effort to become a publicly listed crypto treasury company.
According to a Sep. 23 press release, the company submitted its draft Form S-4 filing in connection with its proposed merger with M3-Brigade Acquisition V Corp., a blank-check firm listed on Nasdaq under the tickers MBAVU, MBAV, and MBAVW.
S-4 filings are a prerequisite for registering securities in connection with mergers, acquisitions, and similar transactions, allowing the SEC to review the terms before they are presented to shareholders.
If approved, the deal will see the combined entity listed under the ticker symbol “RONE.”
ReserveOne launched in July this year and described itself as a digital asset management firm that is “inspired by the proposed U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile.”
Its intent is reflected in its corporate strategy, which includes plans to create a treasury that holds a diverse selection of cryptocurrencies, including Bitcoin, Ethereum, and Solana, among others.
Like other altcoin treasury companies, ReserveOne plans to take advantage of passive yield opportunities through institutional-grade staking and lending of its crypto holdings.
To fund its crypto reserve, the company plans to use the capital generated from its merger with M3-Brigade, which ReserveOne estimates can bring in gross proceeds of over $1 billion.
Jaime Leverton, who has prior experience at Hut 8 and Riot Platforms, both Bitcoin mining firms, and also led Coinbase Asset Management, would serve as president and head of investment.
“By moving towards a public listing, we’re reinforcing our commitment to responsible innovation, financial inclusion, and the development of a more resilient, transparent market for digital assets. Our disciplined, yield-focused strategy is designed to set a new standard for regulated crypto investing.” Leverton said at the time.
ReserveOne’s merger is expected to close in Q4 2025, after which it will join the likes of Gemini, Bullish, Circle, and eToro, all of which have had blockbuster public debuts over the past year.