Renaissance Capital logo

M3-Brigade Acquisition V Priced, Nasdaq: MBAVU

Blank check company led by turnaround veteran Mohsin Meghji targeting energy in North America.

Industry: SPAC

Latest Trade: $10.15 -0.26 (-2.5%)

First Day Return: +0.5%

Return from IPO: +4.1%

Industry: SPAC

We are a newly organized blank check company. We were formed by executives of M3 Partners and Brigade, but are not owned or controlled by M3 Partners or Brigade and are independent of both such companies. We intend to focus our efforts on seeking and consummating an initial business combination with a company that has an enterprise value of at least $1 billion, although a target entity with a smaller or larger enterprise value may be considered. While we may pursue an acquisition opportunity in any business industry or sector and in any geographic region, we expect to focus on businesses or companies which are based in North America and are in the energy sector (or related products or services). Because we believe that the energy sector is in transition and that well-capitalized companies will have the opportunity for substantial growth -- both organically and through attractive acquisition opportunities -- as this transition continues, we also are focused on ensuring that our target company meets this criteria. With the extensive experience of our combined team in addressing both businesses under stress, as well as companies in the energy sector, we believe this focus will take advantage of both the team’s expertise and experience and the current macro trends and investment opportunities. We expect to identify business combination targets through a variety of sources and in all stages of the corporate evolution.
more less
IPO Data
IPO File Date 06/05/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/31/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters New York, NY, United States
Founded 2024
Employees at IPO 4

M3-Brigade Acquisition V (MBAVU) Performance