M3-Brigade Acquisition V Corp. $MBAV Shares Sold by Wealthspring Capital LLC

Wealthspring Capital LLC cut its holdings in shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) by 43.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 134,807 shares of the company’s stock after selling 105,653 shares during the quarter. Wealthspring Capital LLC’s holdings in M3-Brigade Acquisition V were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MBAV. Tuttle Capital Management LLC acquired a new stake in shares of M3-Brigade Acquisition V in the second quarter worth $437,000. Levin Capital Strategies L.P. purchased a new stake in M3-Brigade Acquisition V in the second quarter valued at $538,000. MMCAP International Inc. SPC acquired a new stake in M3-Brigade Acquisition V during the 2nd quarter worth about $16,935,000. Geode Capital Management LLC purchased a new position in shares of M3-Brigade Acquisition V during the 2nd quarter valued at about $1,978,000. Finally, Alberta Investment Management Corp acquired a new position in shares of M3-Brigade Acquisition V in the 2nd quarter valued at about $27,943,000.

Wall Street Analysts Forecast Growth

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

Insider Transactions at M3-Brigade Acquisition V

In related news, major shareholder Fitzgerald & Co. Cantor bought 3,529,081 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $10.80 per share, for a total transaction of $38,114,074.80. Following the completion of the transaction, the insider directly owned 7,779,865 shares in the company, valued at $84,022,542. This trade represents a 83.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

M3-Brigade Acquisition V Stock Performance

Shares of NASDAQ:MBAV opened at $10.69 on Wednesday. The business’s 50 day moving average price is $10.62 and its 200-day moving average price is $10.82. M3-Brigade Acquisition V Corp. has a 1 year low of $10.06 and a 1 year high of $13.73.

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.