MBAV
$10.66
M3-Brigade Acquisition V Corp.
Intraday
Recent News
Crypto Treasury Firm ReserveOne Going Public in $1B SPAC Deal
The newly-created firm led by former Hut 8 CEO Jamie Leverton plans to hold a basket of cryptos, including bitcoin, ether and solana.
ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing
(Reuters) -ReserveOne, a new crypto venture with ties to industry veterans and a former U.S. commerce secretary, will list on the Nasdaq through a merger with blank-check firm M3-Brigade Acquisition V Corp and is expected to raise more than $1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum and Solana, while aligning its holdings with the U.S. strategic crypto reserve, it said on Tuesday. The deal, expected to close in the October-December quarter, is the latest in a series of efforts to wrap crypto assets into equity and make them more appealing for traditional investors.
Ex-Blackstone, Tether Execs Seek $1B to Build Multitoken Crypto Treasury: Bloomberg
The company intends to buy a basket of tokens, including bitcoin, ether and sol.
M3-Brigade Acquisition V closes transaction
M3-Brigade Acquisition V (MBAV) announced the closing of a transaction in which MI7 Sponsor, a Delaware limited liability company and a CC Capital affiliate, along with Reeve Collins, purchased 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants of M3-Brigade owned by M3-Brigade Sponsor V LLC, a Delaware limited liability company, for an aggregate purchase price of $6,467,500. Additionally, the New Sponsor expects to purchase 3,293,750 additional private placement warrants
M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) is largely controlled by institutional shareholders who own 62% of the company
Key Insights Institutions' substantial holdings in M3-Brigade Acquisition V implies that they have significant...