M3-Brigade Acquisition V (NASDAQ:MBAV) Major Shareholder Fitzgerald & Co. Cantor Purchases 3,529,081 Shares

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) major shareholder Fitzgerald & Co. Cantor acquired 3,529,081 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $10.80 per share, for a total transaction of $38,114,074.80. Following the completion of the acquisition, the insider owned 7,779,865 shares of the company’s stock, valued at $84,022,542. This trade represents a 83.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

M3-Brigade Acquisition V Stock Up 1.3%

Shares of MBAV stock opened at $10.91 on Friday. M3-Brigade Acquisition V Corp. has a 1-year low of $10.06 and a 1-year high of $13.73. The stock has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $10.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tuttle Capital Management LLC purchased a new stake in shares of M3-Brigade Acquisition V during the second quarter worth $437,000. Levin Capital Strategies L.P. purchased a new stake in M3-Brigade Acquisition V during the 2nd quarter valued at about $538,000. Wealthspring Capital LLC acquired a new stake in M3-Brigade Acquisition V in the 2nd quarter valued at about $2,715,000. MMCAP International Inc. SPC purchased a new position in M3-Brigade Acquisition V in the 2nd quarter worth approximately $16,935,000. Finally, Geode Capital Management LLC purchased a new position in M3-Brigade Acquisition V in the 2nd quarter worth approximately $1,978,000.

About M3-Brigade Acquisition V

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.