M3-Brigade Acquisition II Corp. (MBAC) Prices 40M Unit IPO at $10/Unit

March 4, 2021 6:11 AM EST

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M3-Brigade Acquisition II Corp. (NYSE: MBAC) announced today that it priced its initial public offering of 40,000,000 units at a price of $10.00 per unit. The units are expected to commence trading on March 4, 2021 on The New York Stock Exchange (the "NYSE") under the ticker symbol "MBAC.U". Each unit consists of one share of Class A common stock and one-third of one warrant, 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. The offering is expected to close on March 8, 2021, subject to customary closing conditions.

Cantor Fitzgerald & Co. is acting 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.



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