MBAC is a special purpose acquisition corporation formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. MBAC is led by key executives of M3 Partners, LP, a leading financial advisory services firm that specializes in assisting companies at inflection points in their growth cycle, and Brigade Capital Management, LP, a leading global investment advisor that was founded in 2006 to specialize in credit-focused investment strategies and has approximately $30 billion in assets under management.
Company profile
Ticker
MBAC, MBAC-UN, MBAC-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
M3 Acquisition II Corp.
SEC CIK
MBAC stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
27 Dec 23
25-NSE
Exchange delisting
13 Dec 23
8-K
M3-Brigade Acquisition II Corp. Announces Redemption of Class A Common Stock
4 Dec 23
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
10-Q
2023 Q2
Quarterly report
18 Aug 23
NT 10-Q
Notice of late quarterly filing
14 Aug 23
10-Q
2023 Q1
Quarterly report
22 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
10-K
2022 FY
Annual report
17 Apr 23
Latest ownership filings
SC 13G/A
NOMURA HOLDINGS INC
14 Feb 24
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 24
SC 13G
Radcliffe Capital Management, L.P.
9 Mar 23
SC 13G/A
Vellar Opportunities Fund Master, Ltd.
14 Feb 23
SC 13G/A
NOMURA HOLDINGS INC
14 Feb 23
SC 13G/A
MILLENNIUM MANAGEMENT LLC
17 Jan 23
4
Change in insider ownership
29 Mar 22
4
Mohsin Y Meghji
29 Mar 22
SC 13G
MILLENNIUM MANAGEMENT LLC
16 Feb 22
SC 13G
NOMURA HOLDINGS INC
14 Feb 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 9.87 k | 9.87 k | 9.87 k | 9.87 k | 9.87 k | 9.87 k |
Cash burn (monthly) | 104.76 k | 16.77 k | (no burn) | (no burn) | 161.43 k | 271.01 k |
Cash used (since last report) | 623.41 k | 99.80 k | n/a | n/a | 960.61 k | 1.61 mm |
Cash remaining | -613.54 k | -89.93 k | n/a | n/a | -950.74 k | -1.60 mm |
Runway (months of cash) | -5.9 | -5.4 | n/a | n/a | -5.9 | -5.9 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 59 |
Opened positions | 5 |
Closed positions | 7 |
Increased positions | 9 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 41.21 bn |
Total shares | 23.95 mm |
Total puts | 0.00 |
Total calls | 852.33 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
M3 Sponsor II | 10.00 mm | $99.10 mm |
Integrated Core Strategies | 1.84 mm | $18.24 mm |
Periscope Capital | 1.23 mm | $4.20 bn |
Shaolin Capital Management | 1.18 mm | $4.20 mm |
Castle Creek Arbitrage | 730.10 k | $4.18 bn |
Polar Asset Management Partners | 600.00 k | $4.17 bn |
Walleye Capital | 591.16 k | $26.90 mm |
Radcliffe Capital Management | 573.59 k | $4.17 bn |
CNH Partners | 500.00 k | $22.75 mm |
Citadel Advisors | 447.68 k | $20.37 mm |