M3-Brigade Acquisition V Corp. closes IPO of 28.75M units at $10, raising $287.5M

M3-Brigade Acquisition V Corp.

IPO of 28,750,000 units at $10.00/unit, including full over-allotment exercise, gross proceeds $287.5M.
Private placement of 8,337,500 warrants at $1.00/warrant to sponsor and Cantor, gross $8.34M.
Total net proceeds $288.94M deposited in trust account, held as cash, $10.05 per public share.
Cash in trust $288.9M; total assets $290.8M; shareholders' deficit $12.6M.

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