Company: MBVI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110004
Chunk: 31

Company: M3-Brigade Acquisition VI Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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or purchased 1,000,000 Private Placement Warrants.

Following the closing of the Initial Public Offering
and the sale of the Private Placement Warrants (the “Private Placement”), a total of $345,000,000 was placed in the Trust
Account. We incurred $23,148,834, consisting of $6,000,000 of cash underwriting fee, $16,425,000 of deferred underwriting fee, and $723,834
of other offering costs.

The remaining proceeds from the Initial Public
Offering and the Private Placement are held outside the Trust Account, in the cash operating account. Such funds are being used primarily
to enable us to identify a target and to negotiate and consummate our initial Business Combination.

For the period from June 5, 2025 (inception) through
September 30, 2025, cash used in operating activities was $351,137. Net income of $1,025,286 was affected by payment of general and administrative
costs through advances from related party of $32,780 and interest earned on investments held in Trust Account of $1,268,066. Changes in
operating assets and liabilities used $141,137 of cash for operating activities.

As of September 30, 2025, we had investments held
in the Trust Account of $346,268,066. We intend to use substantially all of the funds held in the Trust Account, including any amounts
representing interest earned on the Trust Account (which interest shall be net of any taxes payable and excluding deferred underwriting
commissions), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration
to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the
operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

As of September 30, 2025, we had cash of $1,569,890.
We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence
on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their
representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate
and complete a Business Combination.

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor or