M&A - CC Capital GP, LLC

Form Type: SCHEDULE 13D

Filing Date: 2025-06-03

Corporate Action: Acquisition

Type: New

Accession Number: 000131586325000436

Filing Summary: On June 3, 2025, CC Capital GP, LLC filed a Schedule 13D regarding its acquisition of shares in M3-Brigade Acquisition V Corp. The filing disclosed that on May 23, 2025, M3-Brigade Acquisition V Corp. entered a Securities Purchase Agreement with M3-Brigade Sponsor V LLC and a new sponsor to purchase 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants for $6,467,500. The closing of the agreement occurred on May 27, 2025. Additionally, the new sponsor has the right to appoint directors and executives of the issuer. CC Capital GP, LLC and its affiliates aim to engage with the Board of Directors regarding potential business combinations, particularly in the crypto asset space. Since the closing, significant changes to the Board and executive management have occurred. CC Capital GP, along with its affiliates, reported beneficial ownership of approximately 20% of the issuer's outstanding shares. They also plan to evaluate their investment strategy based on various market conditions.