Picton Mahoney Asset Management Buys Shares of 1,875,000 M3-Brigade Acquisition V Corp. (NASDAQ:MBAV)

Picton Mahoney Asset Management purchased a new position in shares of M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,875,000 shares of the company’s stock, valued at approximately $18,863,000. Picton Mahoney Asset Management owned about 5.22% of M3-Brigade Acquisition V as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of MBAV. Wolverine Asset Management LLC grew its stake 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 acquiring an additional 277,258 shares during the last quarter. Schechter Investment Advisors LLC purchased a new stake in shares of M3-Brigade Acquisition V during the fourth quarter worth about $2,637,000. Finally, Wealthspring Capital LLC purchased a new stake in shares of M3-Brigade Acquisition V during the fourth quarter worth about $170,000.

M3-Brigade Acquisition V Stock Performance

Shares of MBAV stock opened at $10.19 on Friday. M3-Brigade Acquisition V Corp. has a fifty-two week low of $9.97 and a fifty-two week high of $10.53. The business’s 50-day simple moving average is $10.13.

M3-Brigade Acquisition V 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.