VG Acquisition Corp.
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Joshua Bayliss
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 65 Bleecker Street New York City NY United States of America
- IPO Date
- Dec 15, 2020
- CIK
- 0001804591
- Website
- vgacquisition.com
- Similar Companies
- Business
- VG Acquisition Corp. (NYSE: VGAC), a blank check company sponsored by Virgin Group, focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses, primarily targeting sectors including travel and leisure; financial services; health and wellness; technology and internet-enabled services; music and entertainment; media and mobile; and renewable energy and resource efficiency. Incorporated in 2020 as a Cayman Islands exempted company with headquarters in New York, New York, the company conducted its initial public offering in October 2020, raising approximately $509 million through 50.855 million units at $10 each, listed on the New York Stock Exchange. In February 2021, VG Acquisition Corp. announced a definitive merger agreement with 23andMe, Inc., valuing the consumer genetics company at an enterprise value of $3.5 billion, supported by a $250 million PIPE investment including $25 million each from Virgin Group founder Richard Branson and 23andMe CEO Anne Wojcicki. Shareholders approved the transaction in June 2021, with the business combination closing on June 16, 2021, after which VG Acquisition Corp. was renamed 23andMe Holding Co. and its shares began trading on Nasdaq under the ticker "ME," delisting from NYSE; the deal provided 23andMe with roughly $592 million in gross proceeds to fund consumer health, therapeutics and genetic research initiatives. No significant operations or products exist independently post-merger, as the entity now operates as part of the combined public company with global operations centered in the United States.
This Biotech Company Could Offer Nearly Unlimited Optionality
Why 23andMe Stock Just Jumped 10%
IPO Report: 23andMe shares surge 17% in their trading debut after merger with Richard Branson-backed SPAC
23andMe Successfully Closes its Business Combination with VG Acquisition Corp.
VGAC Stock: Everything You Need to Know About Richard Branson, 23andMe and This Week's SPAC Merger
Virgin Group's VG Acquisition Corp. Shareholders Approve Business Combination with 23andMe, Inc.
How Can You Value a SPAC Stock Before It Completes Its Merger?
These 3 SPAC Stocks Have Crashed 40% Off Their Highs: Is Now the Time to Consider Buying?
Virgin Group's VG Acquisition Corp. Reminds Stockholders to Vote on its Proposed Business Combination with 23andMe, Inc.
VG Acquisition Corp. Receives Expected Notification from NYSE Related to Delayed Quarterly Report
New 23andMe to Trade on Nasdaq as "ME"
Virgin Group's VG Acquisition Corp. Announces Date of Shareholders Meeting in Connection with its Pending Business Combination with 23andMe
Virgin Group's VG Acquisition Corp. Filed Amended Form S-4 in Connection with its Pending Business Combination with 23andMe
VG Acquisition Corp.: 23andMe Could Be A Massive But Risky Winner
Top Stocks 2021: If You Only Buy One SPAC Stock, It Better Be Tuscan Holdings
8 Major Players in the SPAC Game to Watch
VG Acquisition Stock: The Value's in the DNA Vault, Not the Spit Kits
SPACs to Watch: Lucid Motors, 23andMe, and More
As 23andMe Flounders, Buying Into VG Acquisition Looks Like a Terrible Idea
SHAREHOLDER ALERT: WeissLaw LLP Reminds CLGX, VGAC, SNCA, and RNET Shareholders About Its Ongoing Investigations