NEW YORK, Oct. 26, 2021 /PRNewswire/ -- M3-Brigade
Acquisition III Corp. (the "Company"), a special purpose
acquisition company, announced today 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 ticker symbol
"MBSC.U" on October 22, 2021. Each
unit consists of one share of Class A common stock of the Company
and one-third of one redeemable public warrant. Each whole public
warrant entitles the holder thereof to purchase one share of Class
A common stock of the Company 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 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 led by Mohsin Y. Meghji as the
Executive Chairman of the Board of Directors and Matthew Perkal as Chief Executive Officer. The
Company is a newly organized blank check company incorporated in
March 2021 as a Delaware corporation for the purpose of
effecting a merger, consolidation, share exchange, asset
acquisition, share purchase, reorganization or business combination
with one or more businesses.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for this offering. The underwriters purchased an additional
3,900,000 units in connection with the offering, reflecting a
partial exercise of its option to purchase up to 3,915,000
additional units. The offering was made only by means of a
prospectus. Copies of the final prospectus may be obtained
from:
- Cantor Fitzgerald & Co, Attention: Capital Markets, 499
Park Avenue, 5th Floor New York, New
York 10022; Email: prospectus@cantor.com
The registration statement relating to the securities became
effective on October 21, 2021. This
press release shall not constitute an offer to sell or the
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.
Cautionary Note Concerning 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 anticipated use of the net proceeds. No assurance can be given
that the initial public offering or the search for an initial
business combination will be completed on the terms described, or
at all, or that the net proceeds of the initial public offering
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 forth in the "Risk Factors" section of
the Company's registration statement and final prospectus relating
to the Company's initial public offering filed with the Securities
and Exchange Commission (the "SEC"). Copies are available on the
SEC's website at www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, 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,
stock purchase or similar business combination with one or more
businesses. We intend to focus its 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 impacted by the COVID-19 pandemic or
businesses 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, NY 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.