Periscope Capital Inc. Takes Position in M3-Brigade Acquisition V Corp. (NASDAQ:MBAV)

Periscope Capital Inc. acquired a new position in shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $2,012,000. M3-Brigade Acquisition V accounts for 1.2% of Periscope Capital Inc.’s portfolio, making the stock its 27th largest position. Periscope Capital Inc. owned about 0.56% of M3-Brigade Acquisition V as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new position in M3-Brigade Acquisition V during the 4th quarter worth about $18,863,000. Wolverine Asset Management LLC grew its holdings in shares of M3-Brigade Acquisition V by 173.3% during the fourth quarter. Wolverine Asset Management LLC now owns 437,258 shares of the company’s stock worth $4,399,000 after buying an additional 277,258 shares in the last quarter. Schechter Investment Advisors LLC acquired a new stake in M3-Brigade Acquisition V in the 4th quarter valued at approximately $2,637,000. Finally, Wealthspring Capital LLC bought a new stake in M3-Brigade Acquisition V in the 4th quarter valued at approximately $170,000.

M3-Brigade Acquisition V Price Performance

NASDAQ:MBAV opened at $10.19 on Monday. M3-Brigade Acquisition V Corp. has a twelve month low of $9.97 and a twelve month high of $10.53. The business’s 50 day moving average price is $10.13.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V Corp. is a blank check company. It 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. M3-Brigade Acquisition V Corp.