M3-Brigade Acquisition II Corp.
New York Stock ExchangeRecent
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ROIC.AI
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- M3-Brigade Acquisition II Corp. (NYSE: MBAC) operates as a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Incorporated in Delaware on December 16, 2020, and headquartered in New York, NY, the company raised over $400 million in net proceeds from its initial public offering on the New York Stock Exchange in March 2021, with units, Class A common stock, and warrants trading under the tickers MBAC, MBACU, and MBACW, respectively. While it targets acquisition opportunities across any business industry or sector and geographic region, it primarily focuses on North America-based businesses impacted positively or negatively by the COVID-19 pandemic or those in the renewable energy sector (or related products or services), with an emphasis on targets having an enterprise value of at least $1 billion. The company offers no current products or services beyond its SPAC structure, which provides public market access to private companies through its trust account proceeds, private placement equity, and sponsor support from affiliates of M3 Partners, LP—a financial advisory firm specializing in companies at growth inflection points—and Brigade Capital Management, LP, a global credit-focused investment advisor with approximately $30 billion in assets under management. Leadership includes Chairman and CEO Mohsin Y. Meghji, supported by a board with expertise in restructuring, energy, and finance. In recent developments, the company mutually terminated its definitive merger agreement with Syniverse Technologies LLC in February 2022 due to excessive stockholder redemptions amid unfavorable market conditions; attempted multiple extensions of its business combination deadline, including from March 2023 to December 2023; canceled related stockholder meetings; and announced on November 30, 2023, the redemption of all outstanding public Class A common shares at approximately $10.60 per share, with trading ceasing on or about December 8, 2023, warrants expiring worthless, and full liquidation completed by December 13, 2023.
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Syniverse, The Leading Provider of Mission-Critical Mobile Platforms for Carriers and Enterprises, Announces Plans to Become Publicly Traded via Merger with M3-Brigade Acquisition II Corp.
Syniverse, The Leading Provider of Mission-Critical Mobile Platforms for Carriers and Enterprises, Announces Plans to Become Publicly Traded via Merger with M3-Brigade Acquisition II Corp.
Syniverse, The Leading Provider of Mission-Critical Mobile Platforms for Carriers and Enterprises, Announces Plans to Become Publicly Traded via Merger with M3-Brigade Acquisition II Corp.