NEW
YORK, Dec. 21, 2022 /PRNewswire/ -- M3-Brigade
Acquisition II Corp. (NYSE: MBAC) ("MBAC" or the "Company")
announced today the cancellation of its special meeting of
stockholders (the "Special Meeting") originally scheduled for
December 19, 2022, and postponed to
December 23, 2022, and to withdraw
from consideration by the stockholders of MBAC the proposals set
forth in MBAC's Definitive Proxy Statement on Schedule 14A filed
with the U.S. Securities and Exchange Commission on December 7, 2022. MBAC has determined to
cancel the Special Meeting because it received insufficient
withdrawals of previous elections by MBAC's stockholders to redeem
all of their shares of MBAC Class A common stock. MBAC had
previously announced that it did not anticipate proceeding with the
Special Meeting if the amount in MBAC's trust account would fall
below $45 million post-redemptions.
As a result of the cancellation of the Special Meeting, the
Company will not complete any redemption of shares of MBAC Class A
common stock previously elected by MBAC's stockholders. Any
shares of MBAC Class A common stock already submitted for
redemption will be returned to stockholders promptly. MBAC
intends to continue to seek a target for its initial business
combination prior to MBAC's scheduled termination date on
March 8, 2023.
About M3-Brigade Acquisition II Corp.
MBAC is a special purpose acquisition corporation formed for the
purpose of effecting a merger, stock purchase or similar business
combination with one or more businesses. MBAC is led by key
executives of M3 Partners, LP, a leading financial advisory
services firm that specializes in assisting companies at inflection
points in their growth cycle, and Brigade Capital Management, LP, a
leading global investment advisor that was founded in 2006 to
specialize in credit-focused investment strategies and has
approximately $30 billion in assets
under management.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
These forward-looking statements and factors that may cause such
differences include, without limitation, uncertainties relating to
our ability to complete our initial business combination and other
risks and uncertainties indicated from time to time in filings with
the SEC, including "Risk Factors" in the Definitive Proxy Statement
and in Item 1A of our Annual Report on Form 10-K for the year ended
December 31, 2021, filed with the SEC
on April 15, 2022, and our Quarterly
Reports on Form 10-Q filed with the SEC on May 23, 2022, August 12,
2022 and November 14, 2022 and
in other reports we file with the SEC. MBAC expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in MBAC's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
M3-Brigade Acquisition II Corp.
c/o M3 Partners,
LP
1700 Broadway
19th Floor
New York, NY 10019
www.m3-brigade.com
Investor Relations
Kristin Celauro (212)
202-2223
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SOURCE M3-Brigade Acquisition II Corp.