M3-Brigade Acquisition V Corp. Completes IPO

Paul, Weiss advised special purpose acquisition company M3-Brigade Acquisition V Corp. in its $287.5 million initial public offering. The offering included 28,750,000 units after the underwriter fully exercised its over-allotment option. Each unit consists of one class A ordinary share and one half of one warrant, with each whole warrant entitling the holder to purchase one class A ordinary share at a price of $11.50. The units are trading under the ticker symbol “MBAVU” on the Nasdaq Stock Market LLC.

Simultaneously with the IPO’s closing, the company completed the private sale of 8,337,500 private placement warrants to the company’s sponsor, M3-Brigade Sponsor V LLC, and its underwriter, Cantor Fitzgerald & Co., generating gross proceeds of $8,337,500.

The Paul, Weiss team included corporate partner Raphael Russo and tax partner Sohail Itani.