Welcome to our dedicated page for MBSC news (Ticker: MBSC), a resource for investors and traders seeking the latest updates and insights on MBSC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MBSC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MBSC's position in the market.
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M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced a deposit of
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M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced a deposit of $1,696,500 by its sponsor on January 26, 2023, into the trust account for public stockholders. This funding extension allows the company to finalize its initial business combination with Greenfire Resources Inc. until April 26, 2023. With around $307,291,000 currently in the trust account, the sponsor plans to request additional time extensions, up to a maximum of four three-month periods, allowing an extension until October 26, 2023.
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Greenfire Resources Inc. and M3-Brigade Acquisition III Corp. (NYSE: MBSC) have announced a definitive agreement for a business combination valuing Greenfire at US$950 million. The transaction, expected to close in Q2 2023, will create the Combined Company, Greenfire Resources Ltd. (GRL), with existing shareholders of Greenfire owning approximately 81% to 87% of GRL after accounting for potential MBSC stock redemptions. Greenfire plans to enhance production and profitability from its existing assets while deleveraging its balance sheet and returning capital to stakeholders.
M3-Brigade Acquisition III Corp. (NYSE: MBSC) announced on October 25, 2022, that its sponsor deposited $1,696,500 into its trust account to extend the period for completing an initial business combination until January 26, 2023. The trust account now holds approximately $305,088,901.38. The company aims to merge with businesses with an enterprise value of at least $1 billion, focusing on sectors impacted by COVID-19 or renewable energy.
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