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Warrants
Alert
Books
THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
Name : M3-Brigade Acquisition II Corp
Current / Former Name: Syniverse Technologies (Terminated Target)
Address: 1700 Broadway, 19th Floor, New York, NY 10019
Phone Number: (212) 201-0399
Investor Relations Contact: N/A
Website - N/A
Warrant Details
Warrant Symbol: MBAC.WS
Warrants Listed: 13,333,333
Ratio: 1-for-1 (originally issued as 1/3 warrant per Unit)
Cusip Number: 55379B 11 5
ISIN Number: US55379B1151
Parent Stock Symbol: MBAC (NYSE)
Underlying Stock Cusip: 55379B 10 7
Expiry Date - March 9, 2023
Exercise Price: $73.86 USD
Synopsis & Listing Information
M3-Brigade Acquisition II Corp. was a blank-check company formed by M3 Capital and Brigade Capital Management. It was led by CEO Mohsin Y. Meghji to target companies undergoing operational or structural turnarounds.
Listing History: The company's IPO closed on March 9, 2021. Warrants broke away from the units to trade on the New York Stock Exchange under symbol MBAC.WS.
Business Combination: The company announced a definitive merger agreement with Syniverse Technologies in August 2021. However, due to elevated shareholder redemption levels, this combination was mutually terminated in February 2022.
Ticker Change: N/A
Reverse Split Adjustment: N/A
Current Status: Following its failure to close an alternative business combination within its allowed timeframe, the company entered liquidation protocols. The trust account was distributed to common shareholders, and the public warrants (MBAC.WS) expired worthless upon dissolution on March 9, 2023.
Current / Former Name: Syniverse Technologies (Terminated Target)
Address: 1700 Broadway, 19th Floor, New York, NY 10019
Phone Number: (212) 201-0399
Investor Relations Contact: N/A
Website - N/A
Warrant Details
Warrant Symbol: MBAC.WS
Warrants Listed: 13,333,333
Ratio: 1-for-1 (originally issued as 1/3 warrant per Unit)
Cusip Number: 55379B 11 5
ISIN Number: US55379B1151
Parent Stock Symbol: MBAC (NYSE)
Underlying Stock Cusip: 55379B 10 7
Expiry Date - March 9, 2023
Exercise Price: $73.86 USD
Synopsis & Listing Information
M3-Brigade Acquisition II Corp. was a blank-check company formed by M3 Capital and Brigade Capital Management. It was led by CEO Mohsin Y. Meghji to target companies undergoing operational or structural turnarounds.
Listing History: The company's IPO closed on March 9, 2021. Warrants broke away from the units to trade on the New York Stock Exchange under symbol MBAC.WS.
Business Combination: The company announced a definitive merger agreement with Syniverse Technologies in August 2021. However, due to elevated shareholder redemption levels, this combination was mutually terminated in February 2022.
Ticker Change: N/A
Reverse Split Adjustment: N/A
Current Status: Following its failure to close an alternative business combination within its allowed timeframe, the company entered liquidation protocols. The trust account was distributed to common shareholders, and the public warrants (MBAC.WS) expired worthless upon dissolution on March 9, 2023.
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Warrant Terms
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
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