Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MBSC | Class B Common Stock | Other | $0 | -3.75K | -0.05% | $0.00 | 7.5M | Oct 25, 2021 | Class A Common Stock | 3.75K | See footnote | F1, F2, F3 |
Id | Content |
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F1 | As described in the Issuer's registration statement on Form S-1 (File No. 333-256017) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date. |
F2 | On October 25, 2021, M3-Brigade Sponsor III LP (the "Sponsor") forfeited at no cost 3,750 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's initial public offering not to exercise in full the over-allotment option granted to them. |
F3 | The reported shares of the Issuer are directly held by the Sponsor. The general partner of the Sponsor is M3-Brigade Acquisition Partners III Corp. Mohsin Meghji is the sole director of M3-Brigade Acquisition Partners III Corp. Mr. Meghji may be deemed to have beneficial ownership of the common stock held directly by the Sponsor. |