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NEW YORK, March 3, 2021 /PRNewswire/ M3-Brigade Acquisition II Corp. (NYSE: MBAC, the Company ) announced today that it priced its initial public offering of 40,000,000 units at a price of $10.00 per unit. The units are expected to commence trading on March 4, 2021 on The New York Stock Exchange (the NYSE ) under the ticker symbol MBAC.U . Each unit consists of one share of Class A common stock and one-third of one warrant, each whole warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on the NYSE under the symbols MBAC and MBAC WS, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on March 8, 2021, subject to customary closing conditions.
M3-Brigade Acquisition II Corp. Announces Pricing of $400 Million Initial Public Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.