NEW YORK, March 8, 2021 /PRNewswire/ -- M3-Brigade
Acquisition II Corp. (NYSE: MBAC, the "Company") announced today
that it has closed its initial public offering of 40,000,000 units
at a price of $10.00 per unit,
resulting in gross proceeds of $400,000,000. The Company's units are
listed on the New York Stock Exchange (the "NYSE") and commenced
trading under the ticker symbol "MBAC.U" on March 4, 2021. Each unit consists of one share of
Class A common stock and one-third of one warrant, with each whole
warrant entitling the holder to purchase one share of Class A
common stock at a price of $11.50 per
share. Once the securities comprising the units begin separate
trading, the shares of Class A common stock and warrants are
expected to be traded on the NYSE under the symbols "MBAC" and
"MBAC WS," respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade.
Cantor Fitzgerald & Co. acted as the sole book-running
manager of the offering. The underwriter has been granted a 45-day
option to purchase up to an additional 6,000,000 units offered by
the Company to cover over-allotments, if any.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
March 3, 2021. The offering is being
made only by means of a prospectus, copies of which may be obtained
by contacting Cantor Fitzgerald & Co., Attention Capital
Markets, 499 Park Avenue, New York,
NY 10022, or by e-mail at prospectus@cantor.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About M3-Brigade Acquisition II Corp.
M3-Brigade Acquisition II Corp. is a special purpose acquisition
company formed for the purpose of effecting a merger, stock
purchase or similar business combination with one or more
businesses. We intend to focus our efforts on seeking and
consummating an initial business combination with a company that
has an enterprise value of at least $1
billion, although a target entity with a smaller or larger
enterprise value may be considered While we may pursue an
acquisition opportunity in any business industry or sector and in
any geographic region, we expect to focus on businesses or
companies which are based in North
America and have been positively or negatively impacted by
the COVID-19 pandemic or businesses in the renewable energy sector
(or related products or services).
Contact:
M3 Partners, LP
Kristin Celauro
212-202-2223
kcelauro@m3-partners.com
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SOURCE M3-Brigade Acquisition II Corp.