SCHEDULE: Magnetar Funds Disclose 7.36% Stake in M3-Brigade V
Beneficial Ownership Report
Magnetar Financial and related entities have disclosed a 7.36% beneficial ownership stake in M3-Brigade Acquisition V Corp.'s Class A ordinary shares.
Summary
- Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman collectively reported beneficial ownership of 2,117,294 Class A ordinary shares of M3-Brigade Acquisition V Corp.
- This ownership represents approximately 7.36% of the total outstanding Class A ordinary shares of M3-Brigade Acquisition V Corp.
- The shares are held across several Magnetar Funds, including Constellation Master Fund, Lake Credit Fund, Structured Credit Fund, Xing He Master Fund, Alpha Star Fund, Purpose Alternative Credit Fund, SC Fund, and Purpose Alternative Credit Fund T.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It simply reports a significant stake held by an investment firm.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future operations or financial performance.
Industry Context
This Schedule 13G filing indicates a significant passive investment by Magnetar Financial and its affiliates in M3-Brigade Acquisition V Corp., a Special Purpose Acquisition Company (SPAC). Such filings are common for institutional investors who acquire a substantial stake (over 5%) in publicly traded companies, often as part of their investment strategies, which may include arbitrage or long-term holding depending on the SPAC's lifecycle and potential merger targets.
Comparison to Industry Standards
- NA
Related Party Transactions
- The filing details the hierarchical relationship between the reporting persons: Magnetar Financial LLC is advised by Magnetar Capital Partners LP, whose general partner is Supernova Management LLC, managed by David J. Snyderman. All shares are held for various Magnetar Funds.
Stakeholder Impact
- Shareholders: The disclosure of a significant 7.36% stake by an institutional investor group like Magnetar may be viewed positively by some shareholders as a vote of confidence or an indication of institutional interest, potentially influencing market perception.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2022-12-22 | Date of the Limited Power of Attorney granted by David J. Snyderman. |
| 2025-05-12 | Date of the Issuer's Form 10-Q filing, which reported approximately 28,750,000 shares outstanding. |
| 2025-06-30 | Date of the event which required the filing of this statement (beneficial ownership calculation date). |
| 2025-08-08 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
M3-Brigade Acquisition V Corp, Magnetar Financial, Schedule 13G, Beneficial Ownership, Class A ordinary share, Investment Adviser, SPAC, Institutional Ownership
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