NEW
YORK, Aug. 2, 2024 /PRNewswire/ -- M3-Brigade
Acquisition V Corp. (the "Company"), a special purpose acquisition
company, announced today the closing of its initial public offering
of 28,750,000 units, which includes 3,750,000 units issued pursuant
to the exercise by the underwriters of their over-allotment option
in full, at a price of $10.00 per
unit. The units were listed on the Nasdaq Global Market ("Nasdaq")
and began trading under the ticker symbol "MBAVU" on August 1, 2024. Each unit consists of one Class A
ordinary share of the Company and one-half of one redeemable public
warrant. Each whole public warrant entitles the holder thereof to
purchase one Class A ordinary share of the Company at a price of
$11.50 per share. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and public warrants are expected to be listed on the Nasdaq
under the symbols "MBAV" and "MBAVW," respectively.
The Company is sponsored by M3-Brigade Sponsor V LLC, a
Delaware limited liability
company, and is led by Mohsin Y.
Meghji as the Executive Chairman of the Board of Directors
and Matthew Perkal as Chief
Executive Officer and Director. The Company is a newly organized
blank check company formed in March
2024 for the purpose of effecting a merger, consolidation,
capital stock exchange, share exchange, asset acquisition, share
purchase, stock purchase, reorganization or business combination
with one or more businesses.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for this offering. The offering was made only by means of a
prospectus. Copies of the final prospectus may be obtained
from:
- Cantor Fitzgerald & Co, Attention: Capital Markets, 499
Park Avenue, 5th Floor New York, New
York 10022; Email: prospectus@cantor.com
The registration statement relating to the securities became
effective on July 31, 2024. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering, the search for an initial business combination and
the anticipated use of the net proceeds. No assurance can be given
that the search for an initial business combination will be
completed on the terms described, or at all, or that the net
proceeds of the initial public offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the "Risk Factors" section of the Company's registration
statement and final prospectus relating to the Company's initial
public offering filed with the Securities and Exchange Commission
(the "SEC"). Copies are available on the SEC's website at
www.sec.gov. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by applicable law.
Contact:
M3-Brigade Acquisition V Corp.
c/o M3 Partners, LP
1700 Broadway
19th Floor
New York, NY 10019
T: 212-202-2200
www.m3-brigade.com
Investor Relations
Kristin Celauro
(212) 202-2223
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SOURCE M3-Brigade Acquisition V Corp.