M3-Brigade Acquisition II filed with the SEC to offer an additional 10 million units to raise its IPO to 40 million units for a $400 million raise, up from the 30 million units initially planned.
The SPAC intends to target businesses or companies with an enterprise value of at least $1 billion and are based in North America and have been impacted by the COVID-19 pandemic or businesses in the renewable energy sector.
M-3 Brigade is led by Chairman and CEO Mohsin Meghji, who has also been the managing partner of M-III Partners. He served as chairman and CEO of M III Acquisition from its inception in August 2015 through the consummation of its initial business combination in March 2018 to create Infrastructure and Energy Alternatives.
The SPAC plans a NYSE listing under MBAC.U. Read more.
