Company: MBVI
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001213900-25-071471
Chunk: 345

Company: M3-Brigade Acquisition VI Corp.
Filing Date: 2025-08-04
Form: S-1
Chunk 345
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 8,625,000 founders shares to the Sponsor. Up to 1,125,000 of the founder shares may be surrendered by the Sponsor for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. The Company’s initial shareholders have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issued upon conversion thereof until the earlier to occur of (i) one year after the completion of the initial Business Combination or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial shareholders with respect to any founder shares (the “Lock -up”). Notwithstanding the foregoing, if (1) the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after the initial Business Combination or (2) if the Company consummates a transaction after the initial Business Combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities or other property, the founder shares will be released from the Lock -up. Promissory Note — Related Party The Sponsor has agreed to loan the Company an aggregate of up to $300,000 to be used for a portion of the expenses of the Proposed Public Offering. The loan is non -interestbearing, unsecured and due at the earlier of December 31, 2025 or the closing of the Proposed Public Offering. The loan will be repaid out of the $850,000 of offering proceeds that has been allocated to the payment of offering expenses. The Company had no borrowings under the promissory note as of June 10, 2025. Advances from Related Party Advances from related party represents payment of expenses by the Sponsor that are not covered by the Promissory Note. As of June 10, 2025, total advances from related party amounted to $10,420. These advances were due on demand. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an