Rivernorth Capital Management LLC Buys Shares of 500,000 M3-Brigade Acquisition V Corp. (NYSE:MBAVU)

Rivernorth Capital Management LLC purchased a new position in shares of M3-Brigade Acquisition V Corp. (NYSE:MBAVU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 500,000 shares of the company’s stock, valued at approximately $5,015,000.

Several other hedge funds also recently modified their holdings of MBAVU. Verition Fund Management LLC acquired a new stake in shares of M3-Brigade Acquisition V during the 3rd quarter worth about $5,015,000. Periscope Capital Inc. acquired a new stake in shares of M3-Brigade Acquisition V during the 3rd quarter worth about $2,508,000. Wolverine Asset Management LLC acquired a new stake in shares of M3-Brigade Acquisition V during the 3rd quarter worth about $1,018,000. Crossingbridge Advisors LLC acquired a new stake in shares of M3-Brigade Acquisition V in the third quarter worth approximately $502,000. Finally, Wealthspring Capital LLC acquired a new stake in shares of M3-Brigade Acquisition V in the third quarter worth approximately $471,000.

M3-Brigade Acquisition V Stock Performance

MBAVU opened at $10.12 on Thursday. The business has a 50 day moving average of $10.14. M3-Brigade Acquisition V Corp. has a 1 year low of $10.01 and a 1 year high of $11.55.

About M3-Brigade Acquisition V

We are a newly organized blank check company incorporated in March 2024 as an exempted company under the laws of the Cayman Islands and were formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses.