{"url_path":"/sec/mbav/8-k/2026-07-21/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry Into a Material Definitive Agreement","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-21","source_url":"https://www.sec.gov/Archives/edgar/data/2016072/0001213900-26-080019-index.html","accession_number":"0001213900-26-080019","cik":"0002016072","ticker":"MBAV","issuer_name":"Velos Acquisition I Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2016072/0001213900-26-080019-index.html","primary_entity_key":"0002016072","primary_entity_name":"Velos Acquisition I Corp."},"word_count":653,"has_tables":true,"body_markdown":"Item\n1.01 Entry Into a Material Definitive Agreement\n\n \n\nTrust\nAgreement Amendment\n\n \n\nOn\nJuly 17, 2026, Velos Acquisition I Corp., formerly M3-Brigade Acquisition V Corp., a Cayman Islands exempted company (the “**Company**”),\nheld an Extraordinary General Meeting of shareholders (the “**Meeting**”).\n\n \n\nAt the Meeting, the holders of the Company’s\nClass A ordinary shares, par value $0.0001 per share (the “**Class A Ordinary Shares**”), outstanding and entitled to\nvote and the Company’s Class B ordinary shares, par value $0.0001 per share (the “**Class B Ordinary Shares**” and,\ntogether with the Class A Ordinary Shares, the “**Ordinary Shares**”), approved a proposal, by way of an ordinary resolution,\nto enter into an amendment to the Investment Management Trust Agreement dated July 31, 2024 between Continental Stock Transfer &\nTrust Company, as Trustee, and the Company (the “**Trust Agreement**,” and such amendment to the Trust Agreement the,\n“**Trust Agreement Amendment**”) to allow the Company, following the effectiveness of the amendment to the Company’s\namended and restated memorandum and articles of association (the “**Articles**”) to withdraw up to an aggregate amount\nof interest earned on the funds held in the Company’s trust account established in connection with its initial public offering\n(the “**Trust Account**”) in an amount equal to $0.10 for each outstanding Class A Ordinary Share held by holders\n(“**Public Shareholders**”) of the Company’s Class A Ordinary Shares that were sold in the Company’s initial\npublic offering (such shares, the “**Public Shares**”) and that is not redeemed and remains outstanding immediately following\nthe effective date of the Trust Interest Withdrawal Amendment, of which (a) $1,000,000 will be used to pay certain ordinary course\nexpenses of the Company and (b) any amounts in excess of such $1,000,000 will be used to pay accrued liabilities as of the effective\ndate of the amendment, to the extent such interest is accrued prior to the date of the amendment (the “**Trust Interest Withdrawal\nAmendment**”). The distribution of such interest by the Trustee shall occur as and when directed by the Company.\n\n \n\nApproval\nof the Trust Agreement Amendment was contingent upon shareholder approval of the Trust Interest Withdrawal Amendment. At the Meeting,\nthe Company’s shareholders approved proposals for both of the Trust Agreement Amendment and the Trust Interest Withdrawal Amendment\nand each became immediately effective following such approvals under the law of the Cayman Islands. See *Item 5.07 – Submission\nof Matters to a Vote of Security Holders – Proposal 2 – The Trust Interest Withdrawal Proposal*, in this Current Report\non Form 8-K.\n\n \n\nThe\ndescription of the Trust Agreement Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference\nto, the Trust Agreement Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.\n\n \n\nIssuance\nof Promissory Note\n\n \n\nOn July 21, 2026, the Company issued a promissory\nnote (the “**Note**”) to MI7 Sponsor, LLC (the “**Sponsor**”), the Company’s sponsor, pursuant to\nwhich the Sponsor may lend to the Company up to an aggregate principal amount of $4,000,000. On July 21, 2026, the Company borrowed $3,500,000\nunder the Note. The proceeds of the Note will be used to pay off existing liabilities as of July 20, 2026, and for general working capital.\n\n \n\nThe\nNote bears no interest and is payable in full upon the consummation of the Company’s initial business combination (the “**Maturity\nDate**”). A failure to pay the principal on the Maturity Date shall be deemed an event of default, in which case the Note may\nbe accelerated. If the Company does not consummate an initial business combination, the Note will be repaid solely to the extent the\nCompany has funds available outside the Trust Account.\n\n \n\nThe\ndescription of the Note does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Note, a\ncopy of which is attached hereto as Exhibit 10.2 and is incorporated herein by reference.\n\n \n\n1"}