Welcome to our dedicated page for M3-Brigade Acquisition II news (Ticker: MBAC), a resource for investors and traders seeking the latest updates and insights on M3-Brigade Acquisition II stock.
M3-Brigade Acquisition II Corp. (NYSE: MBAC) is a special purpose acquisition company (SPAC) based in Delaware. The primary mission of MBAC is to effect a merger, stock purchase, or similar business combination with one or more businesses. The company is led by experienced executives from M3 Partners, LP, and Brigade Capital Management, LP, renowned firms specializing in financial advisory and credit-focused investment strategies respectively.
MBAC recently announced its decision to redeem all outstanding Class A common stock, with the redemption set to be effective around December 13, 2023. This move follows the company's inability to consummate an initial business combination within the designated time frame as per its amended and restated certificate of incorporation filed with the U.S. Securities and Exchange Commission on March 10, 2021.
On March 7, 2023, MBAC held an extraordinary general meeting where shareholders approved the extension to complete a business combination from March 8, 2023, to December 8, 2023. Despite the extension, the company could not finalize a business combination by the new deadline. Consequently, MBAC will cease all operations except for winding up, initiate redemption of 100% of its issued and outstanding public shares, and proceed with dissolution and liquidation.
The per-share redemption price is projected to be approximately $10.60, and the process will be handled by Continental Stock Transfer & Trust Company. The company has also indicated that there will be no redemption rights or liquidating distributions for its warrants, which will expire worthless.
After the last trading day of the company's public shares, MBAC expects the New York Stock Exchange to file a Form 25 to delist its securities and subsequently file a Form 15 to terminate the registration of its securities under the Securities Exchange Act of 1934. This sequence of events marks the end of MBAC's journey as a public entity, with the aim of responsibly winding down operations and returning capital to shareholders.
For further information and updates, visit www.m3-brigade.com.
Syniverse Holdings reported a strong fiscal Q4 2021, with revenue increasing by 16% to $193 million. Enterprise revenue soared 50% to $89 million, reflecting a growing trend in mobile messaging and 5G. For the full fiscal year 2021, revenue rose 12% to $733 million, marking the largest increase since 2013. The company raised its fiscal 2022 revenue forecast by 10% to a range of $840 million to $875 million, alongside a 2% increase in adjusted EBITDA forecast. Syniverse anticipates continued growth fueled by increasing enterprise revenue and market demand for mobile solutions.
Apteco partners with Syniverse to integrate the WhatsApp Business API for enterprises in Europe, enhancing customer engagement. This collaboration allows businesses to manage personalized messaging at scale, leveraging WhatsApp's vast user base of over 2 billion. The integration with Apteco's PeopleStage campaign software enables seamless orchestration across multiple channels, including SMS and Mobile Wallet. Syniverse is set to go public via a merger with MBAC, with a shareholder meeting scheduled for February 9, 2022.
M3-Brigade Acquisition II Corp. (NYSE: MBAC) has scheduled a Special Meeting for February 9, 2022, to approve its business combination with Syniverse Corporation. Record stockholders as of January 6, 2022, can vote on the deal. Syniverse positions itself to benefit from mobile messaging and 5G growth. The combination aims for long-term growth and is subject to stockholder approval and customary closing conditions. Following the merger, MBAC will be renamed Syniverse Technologies Corporation, trading under the new symbol SYNV.
Syniverse has released video podcasts highlighting opportunities from 5G and messaging, led by its Carrier and Enterprise segment Presidents, John McRae and Chris Rivera. The VP of Investor Relations, Stanley Martinez, shared insights from investor Q&A at the Barclays Global Technology Conference. This content is available on the M3-Brigade Acquisition II Corp. (MBAC) investor relations website. Syniverse is set to go public via a merger with MBAC, listing under ticker 'SYNV' on the NYSE. More information regarding the merger can be found in the forthcoming proxy statements.
Syniverse Corporation, a leading mobile technology provider, announced its participation in two key investor conferences in December 2021. CEO Andrew Davies will speak at the Wells Fargo Virtual TMT Summit on December 2 at 11:20 EST. CFO Simeon Irvine will present at the Barclays Global Technology, Media, and Telecommunications Conference on December 7 at 14:25 EST. Syniverse is set to go public through a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), with plans for Syniverse to be listed under the ticker “SYNV” upon transaction closure.
Syniverse, recognized as the world’s most connected company, will be a platinum sponsor at the IoT Evolution Conference and Expo from Feb. 8-11, 2022, in Fort Lauderdale, Fla. This event will showcase innovative IoT solutions for mobile operators and enterprises. Syniverse aims to address the growing IoT needs by leveraging technologies like 5G and CPaaS. In August 2021, Syniverse announced a merger with M3-Brigade Acquisition II Corp (MBAC), making it publicly listed under the ticker SYNV.
Syniverse has partnered with NTW Software to integrate the Syniverse CPaaS Concierge into NTW's call center platform. This partnership aims to enhance omnichannel communications, enabling enterprises to improve customer engagement through diverse messaging options like RCS and popular apps. The service will also provide tools to address security concerns. Additionally, Syniverse plans to go public via a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), with trading expected to commence under the ticker 'SYNV' after the transaction's completion.
Syniverse has partnered with Adobe as an Accelerate Partner in the Adobe Exchange Partner Program. This collaboration aims to enhance customer engagement through the Syniverse CPaaS Concierge Software as a Service platform, which is used by global enterprises across various sectors. The deal allows Adobe Experience Cloud customers access to a wide range of messaging channels, increasing brand engagement and customer communication effectiveness. Syniverse also announced plans to go public via a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), set to trade under the ticker 'SYNV'.
Syniverse Holdings reported third quarter 2021 revenue of $207.9 million, a 30% increase year-over-year. Year-to-date revenue reached $540 million, up 11%. Adjusted EBITDA for Q3 rose 20% to $60.5 million. The company anticipates exceeding its previous fiscal 2021 revenue target of $678 million by 10% and aims to meet its $210 million adjusted EBITDA target. Notably, the enterprise segment saw significant growth, accounting for 49% of total revenue, while carrier service revenues declined 4%.
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