M3-Brigade Acquisition V Corp (MBAVU) Prices $250M IPO

M3-Brigade Acquisition V Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MBAVU”, Thursday, August 1, 2024.

The new SPAC aims to combine with a company valued at $1 billion with strong fundamentals dealing with situational dislocations or other external factors.

M3-Brigade V’s sponsor team is to be led by Executive Chairman Mohsin Y. Meghji, CEO and Director Matthew Perkal, CFO Eric Greenhaus, and EVP Chris Chaice alongside EVP and Secretary Charles Garner. Its Board is to be made up of nominees Shaoke Li, Longjiao Li and Chi Zhang. Joining Perkal on the Board will be Frederick Arnold and Benjamin Fader-Rattner.

Total SPAC deal count for 2024 year-to-date is now 21. This offering is expected to close on Friday, August 2, 2024.

Cantor Fitzgerald & Co. is serving as the sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Withum Smith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.