M3-BRIGADE ACQUISITION III CORP. ANNOUNCES INTENTION TO EXTEND PERIOD TO CONSUMMATE INITIAL BUSINESS COMBINATION

NEW YORK, July 20, 2023 /PRNewswire/ -- M3-Brigade Acquisition III Corp. (NYSE:MBSC) ("MBSC" or the "Company") announced today that, upon the request of the Company's sponsor, M3-Brigade Sponsor III LP (the "Sponsor"), its board of directors has approved an extension of the period of time the Company has to consummate its initial business combination by three months, from the current deadline of July 26, 2023 until October 26, 2023 (the "Extension"), pursuant to the Company's amended and restated certificate of incorporation (the "Charter"). The Charter permits a total of four three-month extensions (i.e., until October 26, 2023), of which this is the fourth.