M3-Brigade Acquisition VI Corp. Class A Ordinary Shares

MBVI: 10-Q · periodic report

M3-Brigade Acquisition VI Corp. filed its 10-Q for the quarter ended June 30, 2026 with an explicit going-concern warning: management determined the company's projected liquidity condition raises substantial doubt about its ability to continue as a going concern. The blank check company has not selected any business combination target and has held no substantive discussions with any target. At quarter-end the SPAC held $355,804,266 in its trust account but just $706,889 of operating cash with working capital of $575,898. Quarterly net income of $3,018,713 (EPS $0.07) came almost entirely from interest earned on trust investments, offset by $85,877 of G&A costs and $17,153 of share-based compensation. The company IPO'd on August 28, 2025 at $10.00 per unit for gross proceeds of $345,000,000, and must complete a business combination within 24 months of closing, or by late August 2027, or it will liquidate and redeem public shares. Management intends to fund liquidity gaps through sponsor Working Capital Loans of up to $1,500,000 and by closing a deal, with no assurance either plan succeeds. The filing also attached the May 14, 2026 letter agreement and indemnity agreement for newly appointed director Michael Neruda, who received 15,000 founder shares valued at $17,153 as board compensation. The report is signed by Executive Chairman Mohsin Meghji and CFO Eric Greenhaus.

SEC 10-Q•2mo ago