M3-Brigade Acquisition IV registered with the SEC to offer 20 million units at $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable for a share at $11.50.
Cantor is sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover any over-allotments.
Management in the S-1 filing said they expect to focus on businesses or companies with an enterprise value of at least $500 million, are based in North America and have been impacted positively or negatively by the COVID-19 pandemic or businesses in the renewable energy sector.
This is the fourth SPAC led by Executive Cahirman Mohsin Meghji, whose most recent corporate role was as executive VP and head of strategy at Springleaf, as well as CEO of its captive insurance companies.
The new SPAC has applied for a listing on the NYSE under MBD.U. Read more.
