M3-Brigade Acquisition II announces redemption of Class A common stock

M3-Brigade Acquisition II has determined to redeem all of its outstanding Class A common stock, par value $0.0001 per share, previously issued to the public, with such redemption anticipated to be effective on or about December 13, 2023, because the company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The company expects the last day of trading of its Public Shares, units and warrants to be on or about December 8. If the company has not completed an initial business combination by December 8, the company will cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the issued and outstanding Public Shares , and subject to approval of remaining stockholders and the board of directors, dissolve and liquidate. The per-share redemption price for the Public Shares is expected to be approximately $10.60. The company expects to retain a portion of the interest earned on the funds deposited in the trust account to pay the company’s tax obligations and $100K of dissolution expenses.Following the last day of trading of the company’s Public Shares, units and warrants, the company expects that the NYSE will delist its securities.