Company: MBVI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110004
Chunk: 35

Company: M3-Brigade Acquisition VI Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 in the offering were registered
under the Securities Act on registration statement on Form S-1 (No. 333-289225). The SEC declared the registration statement
effective on August 26, 2025.

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of 5,333,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant,
in a private placement to the Sponsor and Cantor, generating gross proceeds of $8,000,000. Of those 5,333,333 Private Placement Warrants,
the Sponsor purchased 4,333,333 Private Placement Warrants and Cantor Fitzgerald & Co. purchased 1,000,000 Private Placement Warrants.
Each whole warrant entitles the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.
The foregoing issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical to
the warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants are not transferable,
assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions.

Use of Proceeds

Following the closing of our Initial Public Offering
on August 28, 2025, a total of $345,000,000 (which amount includes $16,425,000 of the deferred underwriting commission) was placed in
a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. The proceeds held in the Trust
Account may be held as cash or invested in (i) U.S. government treasury obligations with a maturity of 185 days or less or in money market
funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury
obligations or (ii) an interest bearing bank demand deposit account or other accounts at a bank. To mitigate the risk that we might be
deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments
in the Trust Account, we may, at any time (based on the Management Team’s ongoing assessment of all factors related to the potential
status under the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to