M3-Brigade Acquisiition II Corp. (NYSE:MBAC) announced that it is pushing its extension vote from December 19 to December 23 at 9:30 am ET.
The SPAC is seeking a full-year extension from its existing deadline of March 8, 2023 to March 8, 2024 and is attempting to give shareholders more time to potentially reverse redemption decisions.
M3-Brigade II does not currently have a definitive agreement in hand, but previously announced a $2.8 billion combination with Syniverse in 2021, which was later terminated in February 2022. The record date for M3-Brigade II shareholders remains December 5.
M3-Brigade II IPO’d in March 2021 and originally had 24 months on its clock. Shareholders are also to vote on proposals to allow the SPAC to release accrued interest from the trust to pay for working capital expenses and potentially pay the new 1% excise tax on buybacks, should it apply to redemptions.


At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...