m3brigade acquisition ii corp said it terminated its merger agreement with syniverse by mutual agreement of all relevant parties citing market conditions the specialpurpose acquisition corporation said it will seek an alternative business combination we are disappointed that recent changes in market conditions made it impossible to consummate our proposed merger but syniverse is a great company with a strong management team and we are confident that it has a very bright future said mbac chief executive mohsin y meghji mbac closed its initial public offering on march 8 2021 and has 24 months from that date to complete its initial business combination