Crossingbridge Advisors LLC Makes New $502,000 Investment in M3-Brigade Acquisition V Corp. (NYSE:MBAVU)

Crossingbridge Advisors LLC acquired a new stake in M3-Brigade Acquisition V Corp. (NYSE:MBAVU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company’s stock, valued at approximately $502,000.

Several other hedge funds have also added to or reduced their stakes in MBAVU. Wealthspring Capital LLC acquired a new position in M3-Brigade Acquisition V during the third quarter worth about $471,000. Wolverine Asset Management LLC bought a new stake in M3-Brigade Acquisition V in the third quarter valued at approximately $1,018,000. Finally, Periscope Capital Inc. acquired a new stake in M3-Brigade Acquisition V during the 3rd quarter worth about $2,508,000.

M3-Brigade Acquisition V Price Performance

MBAVU stock opened at $10.09 on Tuesday. M3-Brigade Acquisition V Corp. has a 52-week low of $10.01 and a 52-week high of $11.55. The company’s 50-day moving average is $10.12.

M3-Brigade Acquisition V Profile

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.