Tearsheet

M3-Brigade Acquisition VI (MBVI)


Market Price (3/30/2026): $10.05 | Market Cap: $207.7 Mil
Sector: Financials | Industry: Multi-Sector Holdings

M3-Brigade Acquisition VI (MBVI)


Market Price (3/30/2026): $10.05
Market Cap: $207.7 Mil
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Low stock price volatility
Vol 12M is 3.0%
Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -1.3%
Key risks
MBVI key risks include [1] failure to complete a business combination within its limited timeframe, Show more.
1  Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -62%
 
0 Low stock price volatility
Vol 12M is 3.0%
1 Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -1.3%
2 Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -62%
3 Key risks
MBVI key risks include [1] failure to complete a business combination within its limited timeframe, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

M3-Brigade Acquisition VI (MBVI) stock has remained largely at the same level since 11/30/2025 because of the following key factors:

1. M3-Brigade Acquisition VI (MBVI) has maintained a stable stock price largely due to its nature as a Special Purpose Acquisition Company (SPAC) that has not yet announced a definitive business combination. As a blank check company, MBVI's Class A ordinary shares typically trade close to its initial public offering price of $10.00 per unit, reflecting the value held in its trust account. Without an announced merger target, there is no underlying business performance or significant speculative interest to drive substantial price fluctuations. This characteristic is common for SPACs awaiting an acquisition.

2. The inherent redemption right for shareholders acts as a price floor, contributing to the stock's stability around the $10.00 mark. Investors in SPACs like MBVI have the option to redeem their shares for cash from the trust account, typically around the initial offering price, if they disapprove of a proposed merger or if a business combination is not completed by a specified deadline. This mechanism limits downside risk and keeps the share price anchored near the trust value, as evidenced by MBVI's 52-week trading range of $9.99 to $10.50.

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Stock Movement Drivers

Fundamental Drivers

The 0.0% change in MBVI stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)113020253292026Change
Stock Price ($)10.0510.050.0%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)21210.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
MBVI0.0% 
Market (SPY)-5.3%-1.4%
Sector (XLF)-10.0%-3.9%

Fundamental Drivers

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Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
MBVI  
Market (SPY)0.6%-6.4%
Sector (XLF)-10.8%-6.3%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
MBVI  
Market (SPY)9.8%-6.4%
Sector (XLF)-7.1%-6.3%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
MBVI  
Market (SPY)69.4%-6.4%
Sector (XLF)40.5%-6.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MBVI Return-----0%1%0%
Peers Return    2%-1%1%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
MBVI Win Rate----33%33% 
Peers Win Rate    69%40% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
MBVI Max Drawdown-----0%-0% 
Peers Max Drawdown    -0%-1% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DMII, BCSS, AEXA, NWAX, APXT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

MBVI has limited trading history. Below is the Financials sector ETF (XLF) in its place.

Unique KeyEventXLFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-26.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven36.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven525 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-43.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven76.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven295 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-26.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven35.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven338 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-83.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven515.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven4,470 days1,480 days

Compare to DMII, BCSS, AEXA, NWAX, APXT

In The Past

SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About M3-Brigade Acquisition VI (MBVI)

We are a newly organized blank check company incorporated in June 2025 as an exempted company under the laws of the Cayman Islands and were formed for the purpose of effecting a merger, consolidation, capital stock exchange, share exchange, asset acquisition, share purchase, stock purchase, reorganization or similar business combination with one or more businesses. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with respect to identifying any business combination target. We are led by the team that organized M III Acquisition Corp. (the “Initial SPAC”), M3-Brigade Acquisition II Corp. (the “Second SPAC”), M3-Brigade Acquisition III Corp. (the “Third SPAC”), M3-Brigade Acquisition IV Corp. (the “Fourth SPAC”), M3-Brigade Acquisition V Corp. (the “Fifth SPAC”) and BM3EAC Corp. (the “EuroSPAC”). Members of our team managed the Initial SPAC through an initial business combination in March 2018 to create Infrastructure and Energy Alternatives, Inc. (“IEA”) (NASDAQ: IEA). IEA was a leading engineering, procurement and construction company which specializes in renewable energy infrastructure which was acquired by MasTec Inc. (NYSE: MTZ) on October 7, 2022 at a valuation of $1.1 billion. The Third SPAC (NYSE: GFR) completed its initial business combination with Greenfire Resources (“Greenfire”) (NYSE: GFR) in September 2023 in a transaction which valued Greenfire at $950 million. The Second SPAC was liquidated in accordance with the terms of its charter in December 2023 and the sponsors of the Fourth SPAC elected not to pursue its initial public offering and withdrew its registration statement in March 2022. The sponsor of the Fifth SPAC elected to sell its interest in the Fifth SPAC to an unaffiliated third party. Messrs. Meghji and Perkal, who currently serve on our board of directors, and Mr. Fader Rattner, who is our director nominee, continue to serve on the board of directors of the Fifth SPAC in an individual capacity. Although the teams at M3 Partners and Brigade continue to provide certain de minimis administrative services on a transitional basis to the Fifth SPAC, they do not provide support in its search for an initial business combination target. The team that organized our sponsor also organized the EuroSPAC, incorporated in the Cayman Islands and listed on Euronext Amsterdam, which is currently seeking to effect a business combination with an operating company with significant operations in Europe. The Initial SPAC, the Second SPAC, the Third SPAC, the Fourth SPAC, the Fifth SPAC and the EuroSPAC are collectively referred to herein as the “Prior SPACs”. We were formed by executives of M3 Partners and Brigade, but are not owned or controlled by M3 Partners or Brigade and are independent of both such companies. M3 Partners is a leading financial advisory firm which provides advisory services to companies at inflection points in their growth trajectories. Brigade is a leading global investment advisor that was founded in 2006 to specialize in credit-focused investment strategies and has approximately $28.7 billion in assets under management as of June 1, 2025. M3 Partners and Brigade will provide support to us in our pursuit of a successful initial business combination at the direction of their respective principals, but neither M3 Partners nor Brigade has entered into any agreement with us and they will not be paid any consideration for their support. The team at M3 Partners has successfully completed hundreds of engagements in which it has assisted stockholders, creditors and companies in maximizing the value of businesses and assets held by them. Brigade brings a 19-year track record of deep fundamental credit research driven by a disciplined investment process which has been proven over numerous market cycles. Our executive offices are located in New York, NY.

AI Analysis | Feedback

It's like a **publicly traded private equity firm (e.g., Blackstone or KKR)**, but with the singular goal of acquiring *one* private company and taking it public.

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  • Business Combination Facilitation: The company serves as a blank check company formed to effect a merger, acquisition, or similar business combination with one or more private businesses.

AI Analysis | Feedback

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M3-Brigade Acquisition VI (MBVI) is a newly organized blank check company (SPAC). As such, it does not currently have any major customers, nor does it sell products or services to other companies or individuals. Its primary purpose is to effect a business combination with an operating company. Until such a combination is completed, it does not generate revenue from customers in the traditional sense.

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AI Analysis | Feedback

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Mohsin Y. Meghji, Executive Chairman of the Board of Directors
Mohsin Y. Meghji currently serves as the Managing Partner of M3 Partners, a financial advisory firm he founded. He is a nationally recognized U.S. turnaround professional with a track record of identifying and building value across a wide range of sectors, including cryptocurrencies, blockchain, retail, power, energy, and industrials. He has previously served as Executive Chairman for other M3-Brigade Acquisition SPACs, including M3-Brigade Acquisition II Corp., M3-Brigade Acquisition III Corp., M3-Brigade Acquisition IV Corp., and M3-Brigade Acquisition V Corp.

Matthew Perkal, Chief Executive Officer and Director
Matthew Perkal leads industry coverage for various sectors at investment advisor Brigade Capital Management, which he joined in 2010. He has structured and led many of Brigade's successful private credit deals, including those for Barney's and Sears. Mr. Perkal served as Executive Vice President of M3-Brigade Acquisition II Corp. and as Chief Executive Officer of M3-Brigade Acquisition III Corp. and M3-Brigade Acquisition IV Corp. He currently serves as Chief Operating Officer and a director of M3-Brigade Acquisition V Corp. The Third SPAC, which his team led, completed its initial business combination with Greenfire Resources.

Chris Chaice, Chief Financial Officer and Executive Vice President
Chris Chaice serves as the Chief Financial Officer and Executive Vice President of M3-Brigade Acquisition VI.

Charles Ganer, Executive Vice President and Secretary
Charles Ganer holds the position of Executive Vice President and Secretary for M3-Brigade Acquisition VI.

AI Analysis | Feedback

M3-Brigade Acquisition VI (MBVI) faces the primary and dominant risk of failing to complete a business combination within the required timeframe. As a blank check company, it has no operating business or revenues, and its sole purpose is to identify and merge with a target company. The background information explicitly states that MBVI has not yet selected any business combination target, nor has it initiated any substantive discussions in this regard. This is a fundamental risk for all Special Purpose Acquisition Companies (SPACs). If MBVI does not complete an acquisition within its specified window, it will be required to liquidate and return the funds held in its trust account to shareholders, potentially resulting in investors only receiving their initial investment back, minus any operating costs. The company's history with "The Second SPAC" being liquidated and "The Fourth SPAC" withdrawing its registration statement further illustrates this inherent risk.

AI Analysis | Feedback

Clear Emerging Threats for M3-Brigade Acquisition VI (MBVI):

  • Increased regulatory scrutiny and potential for more stringent regulations on SPACs: The U.S. Securities and Exchange Commission (SEC) and other financial regulators have been actively evaluating and proposing changes to SPAC rules, aiming to align them more closely with traditional initial public offerings (IPOs). This ongoing trend could lead to new regulations that make the SPAC process more complex, costly, time-consuming, or less attractive for both SPAC sponsors like MBVI and potential target companies.
  • Deteriorating investor sentiment and market appetite for SPAC transactions: Following a period of high activity, the broader market has shown increased skepticism towards SPACs due to factors such as high redemption rates, dilutive structures, and the poor post-merger performance of many de-SPACed companies. This emerging trend directly impacts MBVI's ability to attract and retain investor capital, secure Private Investment in Public Equity (PIPE) financing, and successfully complete a business combination with sufficient funds.

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Share Issuance

  • M3-Brigade Acquisition VI completed its initial public offering (IPO) in August 2025.
  • The company raised $345 million in gross proceeds from its IPO by selling 34.5 million units at $10.00 per unit, which included the full exercise of the underwriters' over-allotment option.
  • Concurrently with the IPO, M3-Brigade Acquisition VI completed a private placement of 5,333,333 warrants to M3-Brigade Sponsor VI LLC and Cantor Fitzgerald & Co., generating an additional $8 million in gross proceeds.

Inbound Investments

  • The combined net proceeds from the IPO and the private placement, totaling $345 million, were placed into a U.S.-based trust account.

Trade Ideas

Select ideas related to MBVI.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
NDAQ_2282026_Insider_Buying_45D_2Buy_200K02282026NDAQNasdaqInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
JEF_2272026_Dip_Buyer_ValueBuy02272026JEFJefferies FinancialDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
ALAB_2272026_Dip_Buyer_High_CFO_Margins_ExInd_DE02272026ALABAstera LabsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.0%0.0%0.0%
PAYO_2272026_Dip_Buyer_High_CFO_Margins_ExInd_DE02272026PAYOPayoneer GlobalDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.0%0.0%0.0%
FOUR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02272026FOURShift4 PaymentsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.0%0.0%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MBVIDMIIBCSSAEXANWAXAPXTMedian
NameM3-Briga.Drugs Ma.Bain Cap.American.New Amer.Apex Tre. 
Mkt Price10.059.9810.1010.7710.029.9610.04
Mkt Cap0.2-0.10.1-0.40.2
Rev LTM-------
Op Inc LTM-------
FCF LTM-------
FCF 3Y Avg-------
CFO LTM-------
CFO 3Y Avg-------

Growth & Margins

MBVIDMIIBCSSAEXANWAXAPXTMedian
NameM3-Briga.Drugs Ma.Bain Cap.American.New Amer.Apex Tre. 
Rev Chg LTM-------
Rev Chg 3Y Avg-------
Rev Chg Q-------
QoQ Delta Rev Chg LTM-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-------
CFO/Rev 3Y Avg-------
FCF/Rev LTM-------
FCF/Rev 3Y Avg-------

Valuation

MBVIDMIIBCSSAEXANWAXAPXTMedian
NameM3-Briga.Drugs Ma.Bain Cap.American.New Amer.Apex Tre. 
Mkt Cap0.2-0.10.1-0.40.2
P/S-------
P/EBIT-------
P/E-------
P/CFO-------
Total Yield-------
Dividend Yield0.0%-0.0%0.0%-0.0%0.0%
FCF Yield 3Y Avg-------
D/E0.0-0.00.0-0.00.0
Net D/E-0.0-0.0-0.0-0.0-0.0

Returns

MBVIDMIIBCSSAEXANWAXAPXTMedian
NameM3-Briga.Drugs Ma.Bain Cap.American.New Amer.Apex Tre. 
1M Rtn-0.3%0.0%-0.6%-2.3%-0.2%0.0%-0.3%
3M Rtn0.3%0.8%0.2%-5.5%-1.8%0.8%0.2%
6M Rtn0.1%1.0%0.2%1.5%-1.8%0.4%0.3%
12M Rtn0.1%1.0%0.2%1.5%-1.8%0.4%0.3%
3Y Rtn0.1%1.0%0.2%1.5%-1.8%0.4%0.3%
1M Excs Rtn7.6%7.8%7.2%4.5%7.4%7.8%7.5%
3M Excs Rtn8.4%8.9%8.5%4.6%6.3%8.9%8.5%
6M Excs Rtn3.7%4.6%3.8%5.1%1.8%4.0%3.9%
12M Excs Rtn-11.4%-10.5%-11.3%-10.0%-13.3%-11.1%-11.2%
3Y Excs Rtn-61.7%-60.8%-61.6%-60.3%-63.6%-61.4%-61.5%

Comparison Analyses

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Financials

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 2282026-45.0%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity20.7 Mil
Short % of Basic Shares0.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/13/202510-Q