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M3-Brigade Acquisition III Corp. Announces Closing of $ 300 Million Initial Public Offering

 


Posted: October 26, 2021 at 6:56 PM EDT|Update: 5 hours ago

NEW YORK, October 26, 2021 / PRNewswire / –M3-Brigade Acquisition III Corp. (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 30,000,000 units at a price of $ 10.00 per unit. The Units were listed on the New York Stock Exchange and began trading under the symbol “MBSC.U” on 22 October 2021. Each unit consists of one Class A common share of the Company and one third of a redeemable public warrant. Each entire public warrant entitles its holder to purchase one Class A common share of the Company at a price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Public Warrants are expected to be listed on the New York Stock Exchange under the symbols “MBSC” and “MBSC WS”, respectively.

The Company is sponsored by M3-Brigade Sponsor III LP, a Delaware limited partnership, and is managed by Mohsin Y. Meghji as executive chairman of the board of directors and Matthew Perkal as CEO. The Company is a newly incorporated blank check company incorporated in March 2021 have a Delaware company for the purpose of effecting a merger, consolidation, share exchange, acquisition of assets, purchase of shares, reorganization or business combination with one or more companies.

Cantor Fitzgerald & Co. acted as the sole book manager for this offering. The underwriters purchased an additional 3,900,000 units under the offer, reflecting a partial exercise of its option to purchase up to 3,915,000 additional units. The offer was made only by means of a prospectus. Copies of the final prospectus can be obtained from:

  • Cantor Fitzgerald & Co, Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: [email protected]

The securities registration declaration took effect on 21 October 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

Caution Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering, the search for an initial business combination and the intended use of the net proceeds. No assurance can be given that the initial public offering or the search for a first business combination will be carried out under the conditions described, or not at all, or that the net proceeds of the initial public offering savings will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the “Risk Factors” section of the Company’s registration statement and the final prospectus relating to the Company. initial public offering of the Company filed with the Securities and Exchange Commission (the “SEC”). Copies are available on the SEC’s website at www.sec.gov. The Company assumes no obligation to update these statements for revisions or modifications after the date of this posting, except as required by applicable law.

About M3-Brigade Acquisition III Corp.

M3-Brigade Acquisition III Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, a share purchase or a similar business combination with one or more businesses. We intend to focus our efforts on finding and completing an initial business combination with a business having an enterprise value of at least $ 1 billion, although a target entity with a smaller or larger enterprise value could be considered. While we may seek an acquisition opportunity in any industry or line of business and in any geographic region, we plan to focus on businesses or companies that are based in North America and have been affected by the COVID-19 pandemic or companies in the renewable energy sector (or related products or services).

Contact:

M3-Brigade Acquisition III Corp.
c / o M3 Partners, LP
1700 Broadway
19th floor
New York, New York State 10019
T: 212-202-2200
www.m3-brigade.com

Investor Relations
Kristin Celauro (212) 202-2223

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SOURCE M3-Brigade Acquisition III Corp.

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