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M3 Brigade Acquisition II (MBAC)

M3-Brigade Acquisition II Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. The Company intends to focus its efforts on seeking and consummating an initial business combination with a company that has an enterprise value of at least $1 billion, although a target entity with a smaller or larger enterprise value may be considered. While the Company may pursue an acquisition opportunity in any business industry or sector and in any geographic region, the Company expects to focus on businesses or companies which are based in North America and have been impacted by the COVID-19 pandemic or businesses in the renewable energy sector (or related products or services).

Company profile

MBAC stock data

Calendar

12 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 567.66K 567.66K 567.66K 567.66K 567.66K 567.66K
Cash burn (monthly) 88.57K 78.65K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 255.29K 226.69K n/a n/a n/a n/a
Cash remaining 312.37K 340.97K n/a n/a n/a n/a
Runway (months of cash) 3.5 4.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Apr 21 M3 Sponsor II Class B common stock Class A Common Stock Other Dispose J No No 0 1,500,000 0 10,000,000
19 Apr 21 Meghji Mohsin Y Class B common stock Class A Common Stock Other Dispose J Yes No 0 1,500,000 0 10,000,000
13F holders Current Prev Q Change
Total holders 87 103 -15.5%
Opened positions 6 27 -77.8%
Closed positions 22 10 +120.0%
Increased positions 12 18 -33.3%
Reduced positions 44 27 +63.0%
13F shares Current Prev Q Change
Total value 9.42B 512.29M +1738.8%
Total shares 51.12M 61.96M -17.5%
Total puts 0 0
Total calls 13.23K 1.23M -98.9%
Total put/call ratio
Largest owners Shares Value Change
M3 Sponsor II 10M $99.1M 0.0%
NMR Nomura 2.44M $23.89M +12.3%
Millennium Management 2.22M $21.78M +6.8%
CVI 1.93M $18.94M -19.4%
Marshall Wace 1.9M $18.63M 0.0%
Integrated Core Strategies 1.84M $18.24M 0.0%
Aristeia Capital 1.74M $17.08M -14.7%
Saba Capital Management 1.66M $16.3M +23.4%
HBCYF HSBC 1.6M $15.7M +77.8%
Fir Tree Capital Management 1.59M $15.55M -2.0%
Largest transactions Shares Bought/sold Change
Citadel Advisors 242.6K -1.9M -88.7%
Cantor Fitzgerald, L. P. 0 -1.74M EXIT
HBCYF HSBC 1.6M +700K +77.8%
Linden Advisors 300K -700K -70.0%
Anson Funds Management 0 -589.64K EXIT
CVI 1.93M -465.1K -19.4%
Magnetar Financial 1.4M -458.99K -24.7%
Corbin Capital Partners 1.32M -440K -25.0%
Altshuler Shaham 0 -400K EXIT
MMCAP International Inc. SPC 466.41K -348.91K -42.8%

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any revenues to date. Our only activities from December 16, 2020 (inception) through June 30, 2022 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and the search for a target company for a Business Combination, including activities relating to the terminated merger agreement with Syniverse Corporation. We do not expect to generate any operating revenues until after the completion of our Business Combination. We expect to generate non-operating income in the form of interest income on marketable securities held after the Initial Public Offering. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

Content analysis

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Legalese
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Coll freshman Bad
New words: realized, statutory, taxation