{"url_path":"/sec/mbav/8-k/2026-07-21/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 Submission of Matters to a Vote of Security Holders.","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":1180,"has_tables":true,"body_markdown":"Item\n5.07. Submission of Matters to a Vote of Security Holders.\n\n \n\nOn July 17, 2026, the Company held the Meeting\nat the office of Troutman Pepper Locke LLP, located at 875 Third Ave, 17th Floor, New York, New York 10022 and simultaneously via live\naudio webcast. As of the close of business on June 25, 2026, the record date for the Meeting, there were 28,750,000 Class A Ordinary\nShares outstanding and entitled to vote and there were 7,187,500 Class B Ordinary Shares outstanding and entitled to vote. Each Ordinary\nShare is entitled to one vote per Ordinary Share. Ordinary Shares representing approximately 89.12% of the voting power of the shares\nof Ordinary Shares entitled to vote at the Meeting, were represented in person or by proxy at the Meeting, which constituted a quorum\nto conduct business. Approval of proposals 1 – 4 required the affirmative vote of at least two thirds of the votes cast by holders\nof the Ordinary Shares, being present in person (including virtually) or by proxy and entitled to vote. Proposal 5 required the affirmative\nvote of a majority of the votes cast by holders of the Ordinary Shares, being present in person (including virtually) or by proxy and\nentitled to vote. Under Cayman Islands law each of the proposals to amend the Company’s articles became effective upon approval\nby the Company’s shareholders.\n\n \n\nA\nsummary of the matters voted upon at the Meeting and the voting results for each such matter are presented below. The proposals related\nto each such matter are described in greater detail in the Definitive Proxy Statement filed by the Company with the Securities and Exchange\nCommission on June 29, 2026.\n\n \n\nProposal\n1 – The Extension Proposal\n\n \n\nA\nproposal to approve, by way of special resolution, an amendment to the Articles, to extend the date by which the Company must consummate\nan initial business combination by 12 months (the “**Extension**”), to August 2, 2027, or such earlier date as may be\ndetermined by the board of directors of the Company in its sole discretion (the “**Extension Amendment**” and such proposal,\nthe “**Extension Proposal**”), and such other modifications to the Articles as may be necessary to give effect to the\nExtension Proposal.\n\n \n\n**FOR**\n \n**AGAINST**\n \n**ABSTAIN**\n \n**BROKER\nNON-VOTES**\n\n29,014,267\n \n3,012,685\n \n0\n \n0\n\n \n\n2\n\n \n\n \n\nProposal\n2 – The Trust Interest Withdrawal Proposal\n\n \n\nA\nproposal to approve, by way of special resolution, an amendment to the Articles to permit the Company, following the effective date of\nthe Trust Interest Withdrawal Amendment and redemption of Public Shares in connection with the approval of the Extension Amendment, to\nwithdraw up to an aggregate amount of interest earned on the funds held in the Trust Account equal to $0.10 for each outstanding Class\nA Ordinary Share held by a Public Shareholder that is not redeemed and remains outstanding immediately following the effective date of\nthe Trust Withdrawal Amendment, of which (a) $1,000,000 will be used to pay certain ordinary course expenses of the Company and (b) any\namounts in excess of such $1,000,000 will be used to pay accrued liabilities as of the effective date of the amendment to the Company’s\nArticles (such proposal the, “**Trust Interest Withdrawal Proposal**”), and such other modifications to the Articles as\nmay be necessary to give effect to the Trust Interest Withdrawal Proposal.\n\n \n\n**FOR**\n \n**AGAINST**\n \n**ABSTAIN**\n \n**BROKER\nNON-VOTES**\n\n28,362,114\n \n3,664,838\n \n0\n \n0\n\n \n\nProposal\n3 – The Name Change Proposal\n\n \n\nA\nproposal to approve, by way of special resolution, (i) a change of name of the Company from M3-Brigade Acquisition V Corp. to Velos Acquisition\nI Corp., and (ii) an amendment to the Company’s Articles to effect the change of the Company’s legal name to Velos Acquisition\nI Corp. and to change the definition of the term “Sponsor” to mean MI7 Sponsor, LLC (the “**Name Change Amendment**”\nand such proposal, the “**Name Change Proposal**”), and such other modifications to the Articles as may be necessary to\ngive effect to the Name Change Proposal.\n\n \n\n**FOR**\n \n**AGAINST**\n \n**ABSTAIN**\n \n**BROKER\nNON-VOTES**\n\n29,146,657\n \n2,880,295\n \n0\n \n0\n\n \n\nProposal\n4 – The Fairness Opinion Proposal\n\n \n\nA\nproposal to approve, by way of special resolution, an amendment to the Company’s Articles to remove the second sentence of Article\n49.12 (fairness opinion requirement) from the Articles in its entirety (the “**Fairness Opinion Amendment,**” and such\nproposal, the “**Fairness Opinion Proposal**”), and such other modifications to the Articles as may be necessary to give\neffect to the Fairness Opinion Proposal.\n\n \n\n**FOR**\n \n**AGAINST**\n \n**ABSTAIN**\n \n**BROKER\nNON-VOTES**\n\n28,440,173\n \n3,586,779\n \n0\n \n0\n\n \n\nProposal\n5 – The Trust Agreement Amendment Proposal\n\n \n\nA\nproposal to approve, by way of an ordinary resolution, an amendment to the Trust Agreement, to permit the Company, following the effective\ndate of the Trust Interest Withdrawal Amendment, to withdraw up to an aggregate amount of interest earned on the funds held in the Company’s\nTrust Account equal to $0.10 for each outstanding Class A Ordinary Share held by a Public Shareholder that is not redeemed and remains\noutstanding immediately following the effective date of this amendment, of which (a) $1,000,000 will be used to pay certain ordinary\ncourse expenses 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 Trust Interest Withdrawal Amendment.\n\n \n\n**FOR**\n \n**AGAINST**\n \n**ABSTAIN**\n \n**BROKER\nNON-VOTES**\n\n28,362,114\n \n3,664,838\n \n0\n \n0\n\n \n\nProposal\n6 – Adjournment Proposal\n\n \n\nIn\nconnection with the Meeting, the Company solicited proxies with respect to a proposal to adjourn the Meeting, to a later date or dates,\nif necessary or desirable, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or\notherwise in connection with, the approval of proposals 1 – 5. Because the Company’s shareholders approved proposals 1 -\n5 at the Meeting, the adjournment proposal was not submitted to the shareholders.\n\n \n\nThe\nforegoing descriptions of the Extension Amendment, the Trust Interest Withdrawal Amendment, the Name Change Amendment, and the Fairness\nOpinion Amendment are qualified in their entirety by reference to, Amendment No. 1 to Amended and Restated Memorandum and Articles of\nAssociation of Velos Acquisition I Corp., a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.\n\n \n\n3\n\n \n\n \n\nIn connection with the Meeting, shareholders\nholding an aggregate of 12,455,589 Class A Ordinary Shares exercised their right to redeem their shares for approximately $10.88 per\nshare from the funds held in the Company’s Trust Account, leaving approximately $177,286,938 in cash in the Trust Account after\nsatisfaction of such redemptions. Following such redemptions, the Company had an aggregate of 23,481,911 Ordinary Shares outstanding,\nof which 16,294,411 were Class A Ordinary Shares and 7,187,500 were Class B Ordinary Shares.\n\n \n\nFollowing the redemptions in connection with\nthe Meeting, on July 20, 2026 the Sponsor converted 7,187,500 of its Class B Ordinary Shares into Class A Ordinary Shares, that are not\n“Public Shares” as defined in the Articles (such shares the “**Converted Shares**”). As such, as of the close\nof business on July 20, 2026 there were 23,481,911 Class A Ordinary Shares outstanding and no Shares of Class B Ordinary Shares outstanding."}