M3-Brigade Acquisition II, the second blank check company formed by turnaround veteran Mohsin Meghji, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, M3-Brigade Acquisition will command a market value of $384 million.
The company is led by CEO and Chairman Mohsin Meghji, who has served as Managing Partner of corporate advisory firm M-III Partners since 2014. He is joined by CFO Brian Griffith, who has served as a Managing Director of M-III Partners since 2014. The group's previous SPAC, M III Acquisition raised $150 million in July 2016 and completed its acquisition of Infrastructure and Energy Alternatives (IEA; +97% from $10 offer price) in May 2019.
M3-Brigade was founded in 2020 and plans to list on the NYSE under the symbol MBAC.U. Cantor Fitzgerald is the sole bookrunner on the deal.
