The SPAC market is making a comeback in 2025, and M3-Brigade Acquisition VI Corp. just made one of the boldest moves yet.

The company closed a $345 million IPO this week, selling 34.5 million units at $10 each, and is now trading on Nasdaq under the ticker MBVIU. Investors are watching closely as this small-cap SPAC sets its sights on the fast-growing blockchain and crypto sectors.

What’s Speical About M3-Brigade

This isn’t just another blank-check company chasing hype. The team behind M3-Brigade is bringing some serious expertise to the table. Executive Chairman Mohsin Meghji has been deep in the trenches of the crypto world, handling complex restructuring cases like Celsius Network and BlockFi.

CEO Matthew Perkal, with his background in private credit and financial advisory, knows how to spot undervalued opportunities in volatile markets.

Together, they want to find blockchain companies worth over $1 billion that are also focused on sustainability, a growing priority as more investors look for ESG-friendly bets.

SPAC Play Aligned Crypto Momentum

The timing of this IPO feels spot-on. Bitcoin recently crossed $108,000, Ethereum is benefiting from ETF inflows, and regulatory progress in the U.S. is making institutional investors more confident about the sector.

On the global side, countries like Vietnam are planning to legalize crypto trading as early as 2026, signaling even more momentum.

This surge in confidence isn’t just about price action. It shows that the crypto and blockchain industries are starting to look more stable and mature, which is exactly the kind of environment a disciplined SPAC like M3-Brigade is betting on.

Smarter Approach to SPAC Deals

Each IPO unit comes with one share and one-third of a warrant that investors can exercise later at $11.50 per share. This flexible structure gives investors options while avoiding the speculative chaos that defined the SPAC boom of 2021.

With Cantor Fitzgerald as the sole book-runner, the offering carries the credibility of one of the biggest players in the space.

This $345 million “war chest” gives M3-Brigade plenty of room to secure a merger with a blockchain or crypto firm that has both innovation and financial resilience. The big question is whether their strategy will pay off in a sector that still has plenty of risk.

But one thing is clear.

Between experienced leadership, disciplined structure, and strong market tailwinds, MBVIU is shaping up to be one of the most closely watched small-cap SPACs in the market this year.