M3-Brigade Acquisition III Corp.
MBSC
New York Stock Exchange9.37
USD
-0.31
- -
CIK
0001856589
CUSIP
55407R103
Return %
Stock
S&P500
1Y
-6.86
18.21
3Y
-4.00
64.38
5Y
-4.00
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mohsin Yusufali Meghji
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1700 Broadway New York City NY United States of America 10019
- IPO Date
- Dec 13, 2021
- CIK
- 0001856589
- Website
- m3-brigade.com
- Similar Companies
- Business
- M3-Brigade Acquisition III Corp. operates as a special purpose acquisition company (SPAC) primarily focused on effecting mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. It leverages the expertise of its leadership team, which includes executives from M3 Partners, LP, a financial advisory firm specializing in operational and strategic advisory for businesses at growth inflection points, and Brigade Capital Management, LP, a global investment advisor focused on credit strategies with approximately $25 billion in assets under management. M3-Brigade Acquisition III was founded to provide capital and strategic support to companies seeking to accelerate their growth and operational improvement. The company raised capital through initial public offerings and related private placements on the Nasdaq and New York Stock Exchange to deploy into business combinations. Its operations are centered around identifying and partnering with target businesses with a potential for value creation through financial, operational, and strategic transformations. In 2023, M3-Brigade Acquisition III Corp. completed a significant business combination with Greenfire Resources Inc., a Calgary-based energy company focused on sustainable production and development of thermal energy resources within the oil sands sector in Alberta, Canada. This transaction, valued at approximately US$950 million, resulted in Greenfire becoming the operating company with M3-Brigade serving as the SPAC vehicle that facilitated its public listing on the NYSE. Post-merger, the combined company focuses on Greenfire's core business of bitumen production from long-life Steam Assisted Gravity Drainage (SAGD) oil sands assets, including the Hangingstone Expansion and Hangingstone Demo facilities. Greenfire operates with a 75% interest in these producing assets, generating around 22,000 barrels per day of bitumen. The company pursues operational enhancements through well optimization, drilling extended-reach infill wells, and facility debottlenecking to increase production capacity and cash flow. Greenfire has also prioritized deleveraging its balance sheet, debt reduction, and commodity price risk management, along with plans to return capital to shareholders over time. M3-Brigade Acquisition III Corp. originated as a blank-check company focused on strategic acquisitions and operates primarily in the financial advisory and capital markets sectors through its affiliations. Its significant shift into energy via the Greenfire Resources combination marks an expansion into natural resources and sustainable energy production in North America. Founded in conjunction with M3 Partners and Brigade Capital with headquarters based in New York, the company benefits from the financial and advisory expertise of its parent firms to support its portfolio companies in achieving strategic growth and operational excellence. This transaction and strategic repositioning mark the latest major development in M3-Brigade Acquisition III Corp.'s business operations and market focus.
Greenfire Resources Closes Business Combination with M3-Brigade Acquisition III Corp., Announces Public Listing on the New York Stock Exchange, Senior Secured Note Refinancing and New Credit Facilities
M3-BRIGADE ACQUISITION III CORP. ANNOUNCES RECEIPT OF DEPOSIT PROCEEDS IN CONNECTION WITH EXTENSION OF TIME TO COMPLETE INITIAL BUSINESS COMBINATION
M3-BRIGADE ACQUISITION III CORP. ANNOUNCES INTENTION TO EXTEND PERIOD TO CONSUMMATE INITIAL BUSINESS COMBINATION
Greenfire Resources to go public via merger with M3-Brigade Acquisition III