M3-Brigade Acquisition V, a blank check company led by turnaround veteran Mohsin Meghji targeting energy in North America, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant.
The company is led by CEO and Chairman Mohsin Meghji, who currently serves as Managing Partner of financial advisory firm M3 Partners. He is joined by President and Director Matthew Perkal, who leads industry coverage for various sectors at investment advisor Brigade Capital Management. The SPAC plans to target the energy sector in North America, focusing on businesses with enterprise values of at least $1 billion.
M3-Brigade Acquisition V plans to list on the Nasdaq under the symbol MBAVU. Cantor Fitzgerald acted as sole bookrunner on the deal.
