In short @jengajojo, no.
These funds were supposed to provide the MMM workstream with funding for August, September and October.
MMM was able to use funds from S18 (May-July) to pay all its contributors and opex in August. However, MMM has insufficient funds to pay contributors and opex costs for September and October.
We will be re-requesting budget for the two months (a reduced amount, not for the original request of around $500k).
I just posted the new request to Tally here: Tally | Gitcoin Proposal