M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Stock Price Down 11.8% – Here’s What Happened

Shares of M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) were down 11.8% on Thursday . The company traded as low as $0.7002 and last traded at $0.75. Approximately 80,700 shares were traded during trading, an increase of 67% from the average daily volume of 48,300 shares. The stock had previously closed at $0.85.

M3-Brigade Acquisition V Corp. Warrant Stock Down 4.0%

The business has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $1.37.

M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.

Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.