Welcome to our dedicated page for M3-Brigade Acquisition III news (Ticker: MBSC), a resource for investors and traders seeking the latest updates and insights on M3-Brigade Acquisition III stock.
M3-Brigade Acquisition III Corp. (NYSE: MBSC) is a New York-listed SPAC formed by financial leaders from M3 Partners and Brigade Capital Management. This dedicated news hub provides investors with essential updates on the company's progress toward a business combination, trust account management, and strategic developments.
Access consolidated official announcements including merger negotiations, extension updates, and leadership insights. Our curated feed serves as your primary source for understanding MBSC's disciplined approach to identifying growth-focused acquisition targets while maintaining shareholder value.
Key updates cover trust account status changes, partnership criteria, and operational milestones. All content is verified through official filings and statements to ensure compliance with financial disclosure standards. Bookmark this page for real-time access to critical developments affecting MBSC's path to completing its strategic business combination.
M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced a deposit of
M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced a deposit of $1,696,500 by its sponsor on January 26, 2023, into the trust account for public stockholders. This funding extension allows the company to finalize its initial business combination with Greenfire Resources Inc. until April 26, 2023. With around $307,291,000 currently in the trust account, the sponsor plans to request additional time extensions, up to a maximum of four three-month periods, allowing an extension until October 26, 2023.
Greenfire Resources Inc. and M3-Brigade Acquisition III Corp. (NYSE: MBSC) have announced a definitive agreement for a business combination valuing Greenfire at US$950 million. The transaction, expected to close in Q2 2023, will create the Combined Company, Greenfire Resources Ltd. (GRL), with existing shareholders of Greenfire owning approximately 81% to 87% of GRL after accounting for potential MBSC stock redemptions. Greenfire plans to enhance production and profitability from its existing assets while deleveraging its balance sheet and returning capital to stakeholders.
M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced on October 25, 2022, that its sponsor deposited $1,696,500 into its trust account to extend the period for completing an initial business combination until January 26, 2023. The trust account now holds approximately $305,088,901.38. The company aims to merge with businesses with an enterprise value of at least $1 billion, focusing on sectors impacted by COVID-19 or renewable energy.
