M3-Brigade Acquisition V Corp.’s (NYSE:MBAVU) Lock-Up Period To End on January 28th

M3-Brigade Acquisition V’s (NYSE:MBAVU) lock-up period will expire on Tuesday, January 28th. M3-Brigade Acquisition V had issued 25,000,000 shares in its IPO on August 1st. The total size of the offering was $250,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

M3-Brigade Acquisition V Stock Performance

NYSE MBAVU opened at $10.16 on Thursday. The stock’s fifty day moving average price is $10.18. M3-Brigade Acquisition V has a 1 year low of $10.01 and a 1 year high of $11.55.

Hedge Funds Weigh In On M3-Brigade Acquisition V

Large investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC acquired a new position in shares of M3-Brigade Acquisition V in the third quarter valued at about $5,015,000. Verition Fund Management LLC acquired a new position in shares of M3-Brigade Acquisition V in the third quarter valued at about $5,015,000. Periscope Capital Inc. acquired a new position in shares of M3-Brigade Acquisition V in the third quarter valued at about $2,508,000. Whitebox Advisors LLC acquired a new position in shares of M3-Brigade Acquisition V in the third quarter valued at about $1,504,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of M3-Brigade Acquisition V in the third quarter valued at about $1,018,000.

About M3-Brigade Acquisition V

We are a newly organized blank check company incorporated in March 2024 as an exempted company under the laws of the Cayman Islands and were formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses.