M3-Brigade Acquisition II Corp. (MBAC) Postpones Extension Vote
by Nicholas Alan Clayton on 2022-12-16 at 4:53pm

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.

 

M3-Brigade Acquisition II Corp. (MBAC) Postpones Extension Vote
Recent Posts
by Nicholas Alan Clayton on 2025-07-08 at 8:11pm

Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...

by Nicholas Alan Clayton on 2025-07-08 at 12:36pm

M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-07-08 at 8:18am

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...

by Nicholas Alan Clayton on 2025-07-07 at 9:05am

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...

by Nicholas Alan Clayton on 2025-07-07 at 8:50am

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...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved