M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW) Trading Down 12.4% – Here’s What Happened

M3-Brigade Acquisition V Corp. Warrant (NASDAQ:MBAVW)’s stock price was down 12.4% on Monday . The stock traded as low as $0.80 and last traded at $0.7880. Approximately 26,104 shares traded hands during trading, a decline of 5% from the average daily volume of 27,507 shares. The stock had previously closed at $0.90.

M3-Brigade Acquisition V Corp. Warrant Stock Down 12.4%

The business’s fifty day moving average is $0.85 and its 200-day moving average is $1.08.

M3-Brigade Acquisition V Corp. Warrant (NASDAQ: MBAVW) represents a detachable warrant issued by M3-Brigade Acquisition V Corp., a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. The warrants were issued as part of units in the company’s initial public offering in November 2021 and began trading separately on the NASDAQ Global Market under the ticker MBAVW.

Each warrant entitles the holder to purchase one Class A ordinary share of M3-Brigade Acquisition V Corp.