M3-Brigade Acquisition II, the second blank check company formed by turnaround veteran Mohsin Meghji, raised $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Mohsin Meghji, who currently serves as the Managing Partner of corporate advisory firm M-III Partners. He is joined by CFO Brian Griffith, who currently serves as a Managing Director of M-III Partners. The group's previous SPAC, M III Acquisition, went public in July 2016 and completed its acquisition of Infrastructure and Energy Alternatives (Nasdaq: IEA; +56% from $10 offer price) in May 2019.
M3-Brigade Acquisition II plans to list on the NYSE under the symbol MBAC.U. Cantor Fitzgerald acted as a lead manager on the deal.
