M3-Brigade Acquisition VI, a blank check company led by turnaround veteran Mohsin Meghji targeting cryptocurrency and blockchain, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
M3-Brigade Acquisition VI is led by Executive Chairman Mohsin Meghji, who currently serves as Managing Partner of financial advisory firm M3 Partners, and CEO and Director Matthew Perkal, who leads industry coverage for various sectors at investment advisor Brigade Capital Management. The SPAC plans to target the cryptocurrency and blockchain sectors, focusing on businesses with enterprise values of at least $1 billion and a strong sustainability component.
M3-Brigade Acquisition VI plans to list on the Nasdaq under the symbol MBVIU. Cantor Fitzgerald acted as sole bookrunner on the deal.
