M3-BRIGADE ACQUISITION III CORP. ANNOUNCES RECEIPT OF DEPOSIT PROCEEDS IN CONNECTION WITH EXTENSION OF TIME TO COMPLETE INITIAL BUSINESS COMBINATION

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- M3-Brigade Acquisition III Corp. (NYSE:MBSC) (the "Company") announced today that, on October 25, 2022, its sponsor, M3-Brigade Sponsor III LP, or its affiliates or designees deposited $1,696,500 into the Company's trust account, in part from the Company's working capital, for the benefit of the Company's public stockholders, in connection with the extension of the period of time the Company has to consummate its initial business combination until January 26, 2023.  As of the date hereof, there is approximately $305,088,901.38 in the Company's trust account.