Boothbay Fund Management LLC Purchases New Shares in M3-Brigade Acquisition V Corp. $MBAV

Boothbay Fund Management LLC acquired a new stake in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 333,559 shares of the company’s stock, valued at approximately $3,519,000.

Other large investors have also modified their holdings of the company. Sandia Investment Management LP purchased a new stake in shares of M3-Brigade Acquisition V during the 2nd quarter worth about $334,000. Clear Street LLC raised its holdings in M3-Brigade Acquisition V by 2,280.8% in the 2nd quarter. Clear Street LLC now owns 32,069 shares of the company’s stock worth $362,000 after purchasing an additional 30,722 shares during the period. Radcliffe Capital Management L.P. purchased a new position in M3-Brigade Acquisition V during the third quarter worth approximately $544,000. Bluefin Capital Management LLC acquired a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $690,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of M3-Brigade Acquisition V during the 2nd quarter valued at approximately $900,000.

M3-Brigade Acquisition V Stock Performance

NASDAQ MBAV opened at $10.67 on Tuesday. The stock’s 50 day simple moving average is $10.67 and its 200-day simple moving average is $10.63. M3-Brigade Acquisition V Corp. has a 1-year low of $10.19 and a 1-year high of $13.73.

Wall Street Analysts Forecast Growth

MBAV has been the subject of several recent analyst reports. Wall Street Zen raised shares of M3-Brigade Acquisition V to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Fitzgerald & Co. Cantor acquired 3,529,081 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $10.80 per share, for a total transaction of $38,114,074.80. Following the acquisition, the insider owned 7,779,865 shares of the company’s stock, valued at approximately $84,022,542. This trade represents a 83.02% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.