Vgac Spac Merger

So much remains unknown. Talkspace recently announced a merger with Hudson Executive Capital to go public in a deal worth $1. VGAC Stock: What to Know About VG Acquisition and 23andMe SPAC Merger Rumors. The 2% roughly covers the initial underwriting fee; the $2 million then covers the operating expenses of the. V in a massive $10. Sometimes employees are able to sell a preset number of shares after closing in a tender offer. Virgin Group Acquisition II [VGACT. At-Risk Capital / Promote. These organizations are used primarily to raise funds on behalf of an acquired firm in order to launch an. 38, despite the SPAC merger Shares of 23andMe rose about 1% to trade just over $11 per share in their trading debut on the Nasdaq as the consumer genetic testing company became one of the latest companies to go public via SPAC deal. The deal by Foley. 20, 2020 /PRNewswire/ -- VG Acquisition Corp. 3 months ago - InvestorPlace Once VGAC's shareholders vote to consent to the deal, the shell company will be delisted and 23andMe will trade on the New York Stock Exchange (NYSE) under the ticker ME. vgac, in a deal with an enterprise. Humacyte, Inc. From InvestorPlace. VGAC SPAC is backed by billionaire Richard Branson of Virgin Group. IPO on the NYSE. March 09, 2021. Shareholder Votes. At that size, the SPAC could have a market value of $625m, according to Nasdaq. The Ultimate Guide to SPAC Warrants in 2020. R ichard Branson has certainly caught the SPAC bug. 50-year track record of success. Wade Walke , Ph. Momentus plans to offer in-space infrastructure services by building transfer and service vehicles that will carry satellites and hosted payloads between orbits in space using an innovative water-based microwave electrothermal (MET) propulsion system. NEW YORK, Nov. In the pre-market session today, shares of Virgin Group-backed special purpose acquisition company (SPAC) VG Acquisition Corp (VGAC) stood among the top gainers with a +20. Special purpose acquisition companies (SPACs) have been the talk of Wall Street for more than a year now. The company was founded in 2020 and is based in Palo Alto, California. 23andMe sets merger with Richard Branson SPAC VG Acquisition Corp. ION Acquisition is a special purpose acquisition company or SPAC. By March 31 of this year, the end of FY2021, 23andMe expects that it will have genotyped over 11 million customers, according to the data from its merger presentation. (NASDAQ:CIIC) with the SEC, a special meeting of the SPAC's shareholders is now scheduled for the 19th of March 2021 in order to approve the. [02/03/2021] Site Updates Starting today, price updates include pre-market data! [02/02/2021] In-talks EV company REE is said to be in talks with VCVC. The health care sector has experienced a recent boom as people navigate the new normal of getting to a doctor, and Deerfield's double SPAC merger will help the company capitalize on health care in. The rough rule of thumb is 2% of the SPAC value, plus $2 million, says Steckenrider. 23andMe, a consumer genetics company, is going public via a merger with Richard Branson's special purpose acquisition corporation (SPAC) VG Acquisition Corp. VG Acquisition Corp. (Press Release) 23andMe raised approximately $592 million in gross proceeds to fuel growth and expansion in the company's consumer health and therapeutics businesses. The deal values the consumer genetic testing company at $3. SPAC (special purpose acquisition company), also known as a blank-check company is a vehicle to bring a private company to the public markets as an alternative to an IPO. During the last day, the stock moved $0. 1) VG Acquisition Corp. VG Acquisition Corp (NYSE:VGAC), the special purpose acquisition company that plans to merge with and take the Sunnyvale,. That's one you might well have heard of before, it's Anne Wojcicki's 23andMe, which is in the process of merging with Richard Branson's VG Acquisition SPAC (VGAC) and, assuming the deal is consummated as planned, will mean that VGAC changes tickers to ME, probably within the next month or so. VG Acquisition Corp. The rough rule of thumb is 2% of the SPAC value, plus $2 million, says Steckenrider. 83), a SPAC led by Los Angeles Dodger co-owner Todd Boehly, are walking away from a potential deal to take the sports data provider public, according to people familiar with the matter. Latest SPAC News (Scroll down to see all news. Merger announced Virgin Group Acquisition Corp (VGAC) Date of listing: 11/20/2020. About Trident Acquisitions Corp. 23andMe Holding Co. 3 new mergers were announced today, including an afternoon special from Broadstone (BSN) which is trading +0. It now needs approval from shareholders of VGAC stock and regulators. When a SPAC or other publicly-traded company purchases a private company, it is called a reverse merger. R ichard Branson has certainly caught the SPAC bug. Businessman Richard Branson and 23andMe are making headlines after Branson's Virgin Acquisition Group will complete its merger this week. 23andMe Confirms Merger with SPAC VG Acquisition Corp. Let’s dive in and take a closer look at the latest SPAC move featuring Richard Branson and 23andMe. So much remains unknown. Source: nevodka / Shutterstock. This Isn't What I'm Looking for in a SPAC Deal. 74 per share, this special purpose acquisition company (SPAC) is getting back close to its initial offering price of $10. [08/26/21] DA OPA entered into a definitive agreement with Forbes Media. But, giving it a second look, investors are realizing there's not much to be excited about here VG Acquisition Group (VGAC) was incorporated in the Cayman Islands on 2/19/20 by British entrepreneur Sir Richard Branson, one of the most recognizable business moguls of this era to deliver. After the merger closes, 23andMe stock will. At-Risk Capital / Promote. buy additional shares. The money is earmarked, according to a Virgin source. Mudrick Capital Acquisition Corporation II said Friday its SPAC merger with The Topps Co. The uptick in SPAC shorts comes as the market works to recover from a weeks-long slowdown. Join the Chillin with Uncle Bruce members club and become a part of the Stock Markets With Bruce Family. March 15, 2021. 29 Two of the 3 were up demonstrably today, and all 3 will likely close and trade as their new companies (and. Archer to be listed on NYSE through Atlas Crest Investment merger. According to a rumor by Reuters, Blackstone (BX) is in talks with Foley Trasimene Acquisition (WPF) to merge with Alight, a U. In the land of penny stocks, it's rare that you get a merger that is a real game-changer. & Dallas, Texas – September 24, 2020 – ChargePoint, Inc. The deal is expected to raise gross proceeds of up to $575 million and values the combined company at roughly $1. VGAC is currently in stage: 3. 4, 2021 /PRNewswire/ -- 23andMe, Inc. Should you buy NGAC SPAC stock before its merger with Xos Trucks?. 38, despite the exciting SPAC merger deal. 15 Silver Spike Acquisition (SSPK) +0. 5 Billion merger with SPAC VGAC to become a publicly traded company listed on the NYSE. 30, 2020 at 7:42 a. VGAC stock faced a trading halt earlier. (VGAC: $10. VGAC — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!. , a special purpose acquisition company. It’s tough to recommend an SPAC (special purpose acquisition company) like VG Acquisition (NYSE: VGAC) VGAC stock before a merger deal is announced. Get the hottest stocks to trade every day before the market opens 100% free. Israeli social investment network eToro announced its intention to go public via a merger with a blank check company backed by serial dealmaker Betsy Cohen. Hims & Hers hit the public market earlier this year after closing its merger with Oaktree Acquisition. During the last day, the stock moved $0. (VGAC)rose 4. Gores Metropoulos (GMHI): Luminar Going Public In $3. VG Acquisition Corp (NYSE:VGAC), the special purpose acquisition company … 23andMe plans to make Nasdaq debut next week after SPAC merger - Silicon Valley Business Journal - Flipboard Flipboard Home. Richard Branson SPAC may help take 23andMe public at $4B valuation. We are primarily focused on effecting a business combination with consumer-facing businesses in the U. June 15, 2021. , a leading consumer genetics and research company, and VG Acquisition Corp. ☀ Trending Among Corona Carnage ☀ List of Corona Vaccine Stocks, Tech Penny Stocks, Healthcare Stocks, and Artificial Intelligence Stocks. 6%after a shareholder vote on a deal with popular home-genetics testing firm 23andMe was scheduled to have taken place. com - January 27 at 2:06 PM. The SPAC raised about $350 million in an October 2020 IPO. Investors appeared to be underwhelmed by 23andMe, sending the SPAC back down to. Luminar — a global leader in automotive lidar technology powering the introduction of highway autonomy — announced that it entered into a definitive agreement to merge with Gores Metropoulos, a special purpose acquisition company (SPAC). The money is earmarked, according to a Virgin source. SPACs are. 23andMe Holding Co is primarely in the business of pharmaceutical preparations. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by 23andMe Holding Co. IPO on the Nasdaq. YouTube disclaimer:If you’re new to stocks or looking for one of the best stock brokers. 3 months ago - InvestorPlace Once VGAC's shareholders vote to consent to the deal, the shell company will be delisted and 23andMe will trade on the New York Stock Exchange (NYSE) under the ticker ME. (NASDAQ:CIIC) with the SEC, a special meeting of the SPAC's shareholders is now scheduled for the 19th of March 2021 in order to approve the. Get the latest %COMPANY_NAME% VGAC detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Faraday Future is the latest electric-vehicle company to announce a merger with a SPAC, bringing the company to public markets in the process. Consumer DNA-testing company 23andMe Inc. VG Acquisition Corp. Legato Merger, a blank check company formed by SPAC veterans Eric Rosenfeld and David Sgro targeting an industrial business, raised $205 million by offering 20. 23andMe, a consumer genetics company, is going public via a merger with Richard Branson's special purpose acquisition corporation (SPAC) VG Acquisition Corp. 23andMe Holding Co. In this video, Ryan Rozbiani goes over #SPAC #VGAC merging with #23andMe. 20, 2020 /PRNewswire/ -- VG Acquisition Corp. SPAC merger can be a faster path to a public listing versus a traditional IPO (~3 months vs. We are striving to meet the needs of our customers by offering the most affordable last-mile. As of June 16, 2021, 23andMe, Inc. Unlike the traditional IPO process where the lockup period is usually 180 days, after a SPAC merger, employees with stock options may have to wait up to a year to sell shares. , a special purpose acquisition company. These are the top SPAC stocks to watch and their performance from this past week by the percentage change including Churchill Capital and VG. and NEW YORK, Feb. Jun 10, 2021 INTEL by Marlena Haddad. 5 billion, 23andMe agreed to merge with the Branson-backed SPAC. VGAC to ME Merger finalization date June 10, 2021 : VGAC ; This SPAC merger is a dud. 23andMe is a consumer genetics and research company founded in. U, with 48,000,000 shares initially priced at $10 each. , a special purpose acquisition company. Security and Exchange Commission. We discuss the SPAC. ☀ Trending Among Corona Carnage ☀ List of Corona Vaccine Stocks, Tech Penny Stocks, Healthcare Stocks, and Artificial Intelligence Stocks. 4 billion deal. A merger with a special purpose acquisition company, or SPAC, allows 23andMe to go public without the uncertainty or holding an initial public offering. After hitting a high above $18, in the weeks following its announcement of the merger candidate, shares of VGAC stock have pulled back about 41%. In February, VG Acquisition Corp VGAC. In this video, Ryan Rozbiani goes over #SPAC #VGAC merging with #23andMe. Investors are still awaiting news about a potential SPAC merger with Lucid Motors. Almost as soon as his "blank cheque" company VG Acquisition Corp [VGAC] announced it was taking DNA-testing firm 23andMe public, he formed a third special purpose acquisition company (SPAC). These are the top SPAC stocks to watch and their performance from this past week by the percentage change including Churchill Capital and VG. VGAC will change its ticker to ME and. VGAC — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!. A SPAC is a shell company that raises money from investors in an initial public offering and seeks to acquire a private acquisition target over a fixed time period. (NYSE: VGAC), a special purpose acquisition. Congratulations, 23andMe. However, it would be wise to wait for more confirmation of the Virgin Orit SPAC merger. By March 31 of this year, the end of FY2021, 23andMe expects that it will have genotyped over 11 million customers, according to the data from its merger presentation. VG Acquisition Corp (NYSE: VGAC) comes from Virgin Group and its founder Richard. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. 23andMe, a consumer genetics company, is going public via a merger with Richard Branson's special purpose acquisition corporation (SPAC) VG Acquisition Corp. , a leading consumer genetics and research company, and VG Acquisition Corp. VGAC has an overall market cap of:. Expired warrants get redeemed at $0. #23andMe #VGAC #merger #SPAC #shares #stock On the 4th February 2021 23andMe and VG Acquisition Corp announced that they will merge, bringing 23andMe into the public. 6 billion raised in public offerings in 2020, according to data provider Refinitiv quoted by the Financial Times. The SPAC did not disclose redemption figures, but noted that more than 87% of the votes cast were in favor of the approval of the merger agreement. N, one of Branson's SPACs, agreed to take consumer DNA-testing firm 23andMe public through a merger, valuing the merged entity at $3. And if those SPAC merger rumors work out, VGAC stock could find itself a home in the new ARKX ETF. A SPAC (Special Purpose Acquisition Company) is a company created solely to buy another firm and take it public — an alternative to a traditional IPO. Latest SPAC News (Scroll down to see all news. Richard Branson SPAC may help take 23andMe public at $4B valuation. SPAC Stocks Performance of 2021. Merger Agreement On February 4, 2021, VG Acquisition Corp. VGAC Stock Risk This stock has average movements during the day and with good trading volume, the risk is considered to be medium. (NYSE: VGAC) announced on Monday June 10, that its shareholders voted to approve a merger agreement with 23andMe, Inc. A SPAC is a special purpose acquisition company. Get the hottest stocks to trade every day before the market opens 100% free. The public debut comes after 23andMe and the special purpose acquisition. Jan 28, 2021 · The news broke yesterday and I wrote about it here. com Now at $10. 4 billion merger with FinTech Acquisition Corp. by Greg Rose. , a special purpose acquisition company. (NYSE:VGAC) announced in a press release that its shareholders approved its combination with genetic researcher 23andMe at a special meeting held earlier today. valuing firm at $3. While 23andMe's merger is a recent development, it is not a surprising direction for the Sunnyvale, Calif. About this SPAC VG Acquisition Corp. Private companies are flooding to special-purpose acquisition. LONDON - Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. There is talk about Virgin Galactic Acquisition (VGAC) and investors are anticipating a bold move from celebrity and legendary business typhoon, Richard Branson. VGAC, the SPAC created by Sir Richard Branson, quickly spiked to over $17. Units begin trading today on the Nasdaq under RTPYU. is teaming up with a blank-check company backed by British billionaire Richard Branson's Virgin Group to go public in a deal that values the genetic-testing company at. Revenues are used for all operating expenses as well as other line items which eventually lead to the net income for the company. Tags NYSE:VGAC Market News VGAC. ; $480 million. 23andMe is a consumer genetics and research company founded in. 5B, including $509M in cash in trust account and $250M PIPE of common stock at $10. vgac, in a deal with an enterprise. and , /PRNewswire/ -- VG Acquisition Corp. The stock price of VG Acquisition Corp (NYSE: VGAC) has increased by over 10% pre-market today as of 7:50 AM ET. It now needs approval from shareholders of VGAC stock and regulators. com Now at $10. Watchlist of Top Warrants. NEW YORK, Nov. The SPAC will usually change its ticker symbol to reflect the acquired company or the newly merged company. # 23andMe # VGAC # merger # SPAC # shares # stock. (NYSE: VGAC ), a special purpose acquisition company sponsored by Virgin Group, to become a publicly-traded company. Nov 20, 2020 · NEW YORK, Nov. pops 31% on 23andMe merger Seeking Alpha 2021-02-04 14:22:00 EDT • SHAREHOLDER ALERT: WeissLaw LLP Investigates VG Acquisition Corp. Every day a new rumor flies that a deal between the companies is pending in which Lucid will come public via SPAC (Special. By Berna Barshay. A new genre of business type, called SPAC, is rapidly gaining momentum. VGAC to ME Merger finalization date June 10, 2021 : VGAC ; This SPAC merger is a dud. I highly recommend WeB. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Recent news, pitches the reverse merger of 23andMe Inc. Upon completion of the transaction, including the PIPE described below, the current owners of Cyxtera will retain. That's one you might well have heard of before, it's Anne Wojcicki's 23andMe, which is in the process of merging with Richard Branson's VG Acquisition SPAC (VGAC) and, assuming the deal is consummated as planned, will mean that VGAC changes tickers to ME, probably within the next month or so. Vote Redemptions. In February, VG Acquisition Corp VGAC. public, which implies an enterprise value. is a blank check company. VI intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. 5 million from Sequoia. [02/04/2021] Merger 23andMe announced its plans to go public via a SPAC merger with VGAC. It is created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. will join the company as Vice President of Investor Relations. Company Name: VG Acquisition Corp, Stock Symbol: VGAC, Industry: SPAC/Blank Check Companies, Total Posts: 92, Last Post: 8/15/2021 12:21:41 AM. VGAC stock is not worth more than $8. During the last day, the stock moved $0. Rendering of Archer's upcoming eVTOL aircraft, to be unveiled in 2021. Talkspace recently announced a merger with Hudson Executive Capital to go public in a deal worth $1. N, one of Branson's SPACs, agreed to take consumer DNA-testing firm 23andMe public through a merger, valuing the merged entity at $3. VGAC Stock: Everything You Need to Know About Richard Branson, 23andMe and This Week's SPAC Merger. YouTube disclaimer:If you’re new to stocks or looking for one of the best stock brokers. FPAs & Anchors. By Faizan Farooque Mar 15, 2021, 8:32 am EDT. 74 per share, this special purpose acquisition company. Special Purpose Acquisition Companies ("SPACs") are companies formed to raise capital in an initial public offering ("IPO") with the purpose of using the proceeds to acquire one or more unspecified businesses or assets to be identified after the IPO. VGAC stock investors and sponsors will own a 13 percent stake in 23andMe stock. Reinvent Technology Partners Y priced its IPO of 85 million units at $10 each. 23andMe Inc. , a leader in additive manufacturing (AM) for high value metal parts. , a Delaware corporation ("VGAC Merger. What Happened: After mergers for SoFi Technologies Inc VGAC). 23andMe CEO on Trading Debut, GSK Deal, Branson SPAC. 4 Billion Merger. A SPAC (Special Purpose Acquisition Company) is a company created solely to buy another firm and take it public — an alternative to a traditional IPO. However, after looking at the recent TSNP HUMBL merger, this is a really, really big deal. Update 2 A broader list of potential IPO companies have been added and includes international names (China, India, UK, Africa). is a blank check company. This Isn't What I'm Looking for in a SPAC Deal. The health care sector has experienced a recent boom as people navigate the new normal of getting to a doctor, and Deerfield's double SPAC merger will help the company capitalize on health care in. 5 billion, the companies said Thursday. has entered into a deal to merge with VG Acquisition Corp. When is the VGAC SPAC-23andMe merger date, and should you buy the stock now? Article continues below advertisement. However, it would be wise to wait for more confirmation of the Virgin Orit SPAC merger. These are the top SPAC stocks to watch and their performance from this past week by the percentage change including Churchill Capital and VG. Each unit consists of one share of common stock and one-third of a warrant (exercisable at $11. This is at least the third life sciences company this month to go public by merging with a SPAC. ( VGAC ), a special purpose acquisition company, or SPAC. VG Acquisition's mailing address is 65 BLEECKER STREET 6TH FLOOR, NEW YORK NY, 10012. VGAC stock is not worth more than $8. 29 Two of the 3 were up demonstrably today, and all 3 will likely close and trade as their new companies (and. vgac, in a deal with an enterprise. As VGAC is already tradable in the public market, the shares have skyrocketed to 19 USD. It can be difficult to value a SPAC, even after it announces a merger agreement. Pro forma financial statements are typically required and will provide a comprehensive view of the SPAC merger. Current Virgin Group CEO Josh. Strategic communications advice and services to support reputation and drive long-term value. Only see the latest, highly-relevant SPAC filings with our SEC monitoring feature. Investors are still awaiting news about a potential SPAC merger with Lucid Motors. Virgin Group Acquisition Corp. From InvestorPlace. If approved by GigCapital3 shareholders, GigCapital3 and Lightning eMotors will combine. vgac, in a deal with an enterprise. Legato Merger, a blank check company formed by SPAC veterans Eric Rosenfeld and David Sgro targeting an industrial business, raised $205 million by offering 20. But, giving it a second look, investors are realizing there's not much to be excited about here VG Acquisition Group (VGAC) was incorporated in the Cayman Islands on 2/19/20 by British entrepreneur Sir Richard Branson, one of the most recognizable business moguls of this era to deliver. Businessman Richard Branson and 23andMe are making headlines after Branson's Virgin Acquisition Group will complete its merger this week. United Airlines to purchase $1 billion worth of Archer's eVTOL aircraft. Date merger announced: 2/4/2021. VGAC — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!. Blackstone Group Inc. VI intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. Meanwhile, 81% of the company's shares will be owned by current shareholders, and both Branson and 23andMe Co-Founder and. 23andMe, Inc. So much remains unknown. VGAC raised more than $500 million in its Oct. By Berna Barshay. After all, the point of a SPAC is to find a merger target, and bring that target to the public markets. What is a SPAC?. Watchlist of Top Warrants. (VGAC) February 4, 2021 7:07 AM. Unlike the traditional IPO process where the lockup period is usually 180 days, after a SPAC merger, employees with stock options may have to wait up to a year to sell shares. Consumer DNA-testing company 23andMe Inc. 5B By Seeking Alpha - Feb 04, 2021 VG Acquisition SPAC in talks to take 23andMe public, report says. Almost as soon as his "blank cheque" company VG Acquisition Corp [VGAC] announced it was taking DNA-testing firm 23andMe public, he formed a third special purpose acquisition company (SPAC). 5 billion, both companies. is a special purpose acquisition company, or SPAC, owned by Richard Branson. These organizations are used primarily to raise funds on behalf of an acquired firm in order to launch an. If the warrant is exercisable, management can issue a 30-day written notice and redeem those warrants early. Update 2 A broader list of potential IPO companies have been added and includes international names (China, India, UK, Africa). is based in New York. We discuss the SPAC. Virgin Group Acquisition Corp. 1 billion SPAC merger with United Wholesale Mortgage; $300 million IPO of Gores Holdings VIII, Inc. That would follow up on Friday's increase of 2. Sep 08, 2021 · VGAC Stock Risk This stock has average movements during the day and with good trading volume, the risk is considered to be medium. , May 17, 2021 /PRNewswire/ -- VG Acquisition Corp. #GameStop #GME #UncleBruce. 23andMe, a leading consumer genetics and research company, and VG Acquisition Corp. If approved by GigCapital3 shareholders, GigCapital3 and Lightning eMotors will combine. Consumer DNA-testing company 23andMe Inc. Gores Metropoulos (GMHI): Luminar Going Public In $3. 8% after hours. [08/26/21] DA OPA entered into a definitive agreement with Forbes Media. A reverse merger is when a private company becomes a public company by purchasing control of the public company. Target Announced. 02 on this SPAC 23 and me and VGAC. Genetic testing company 23andMe rises in first trade after Richard Branson SPAC merger CNBC 2021-06-17 VGAC 23andMe pops on first trading day after SPAC, CEO views post-IPO 'take off' Seeking Alpha. Faraday Future is the latest electric-vehicle company to announce a merger with a SPAC, bringing the company to public markets in the process. Recent news, pitches the reverse merger of 23andMe Inc. But it fell in the days following and since early April has been. The Ultimate Guide to SPAC Warrants in 2020. ( VGAC) is one of the latest star-studded SPACs to rise in popularity seeing an increase in volume in recent weeks fueled by talks of a space-based ETF from ARK. Filed Amended Form S-4 in Connection with its Pending Business Combination with 23andMe PR Newswire - PRF - Wed May 5, 5:30PM CDT. Social Capital Hedosophia Holdings Corp. But, giving it a second look, investors are realizing there's not much to be excited about here VG Acquisition Group (VGAC) was incorporated in the Cayman Islands on 2/19/20 by British entrepreneur Sir Richard Branson, one of the most recognizable business moguls of this era to deliver. com - January 27 at 2:06 PM: 23andMe in Talks to Go Public Via Branson SPAC, Sources Say finance. (NASDAQ:CIIC) with the SEC, a special meeting of the SPAC's shareholders is now scheduled for the 19th of March 2021 in order to approve the. 4 billion SPAC merger in August. Reinvent Technology Partners Y priced its IPO of 85 million units at $10 each. You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. Richard Branson SPAC may help take 23andMe public at $4B valuation. Many, like InvestorPlace analyst Luke Lango, agree that space is the next frontier for red-hot stocks. Congratulations, 23andMe. After the merger closes, 23andMe stock will. SPAC Calendar. 1% of the planned IPO proceeds. This is also considered the "top-line" of the income statement. The company can be reached via phone at 212-497-9050. , a Delaware corporation into Virgin Group's VG Acquisition Corp (VGAC) to access public capital with options of PIPE funding. Recent news, pitches the reverse merger of 23andMe Inc. 00/share If no public shareholders of VGAC exercise their redemption rights, 23andMe will be capitalized up to $984M in cash to fund operations & support growth initiatives. 23andMe Confirms Merger with SPAC VG Acquisition Corp. , a special purpose acquisition company. SPAC Stocks Performance of 2021. When a company plans to go public through an IPO, the process can take a year or. Once the securities comprising the units begin separate trading, shares and warrants…. is a special purpose acquisition company formed for the purpose of entering into a merger, share exchange, asset. VGAC to ME Merger finalization date June 10, 2021 : VGAC ; This SPAC merger is a dud. VGAC Stock Risk This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Virgin Group Acquisition Corp. 5 Billion merger with SPAC VGAC to become a publicly traded company listed on the NYSE. buy additional shares. The market lingo has. The Company operates through two segments: Consumer & Research Services and Therapeutics. 23andMe has announced an agreement to merge with a Special Purpose Acquisition Company, or SPAC, called VG Acquisition Corp (NYSE: VGAC). Israeli-founded online payments startup Payoneer announced last week it has signed a deal to become a publicly traded company by merging with FTAC Olympus Acquisition Corp. When a SPAC or other publicly-traded company purchases a private company, it is called a reverse merger. Going public through a SPAC merger has become a major trend for digital health companies over the last year. (NYSE: VGAC) announced on Monday June 10, that its shareholders voted to approve a merger agreement with 23andMe, Inc. VGAC Stock: What to Know About VG Acquisition and 23andMe SPAC Merger Rumors msn. So much remains unknown. Our recommended stop-loss: We hold a sell evaluation for this. , formerly VG Acquisition Corp. Tags NYSE:VGAC Market News VGAC. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, today announced that the date of. But, giving it a second look, investors are realizing there's not much to be excited about here VG Acquisition Group (VGAC) was incorporated in the Cayman Islands on 2/19/20 by British entrepreneur Sir Richard Branson, one of the most recognizable business moguls of this era to deliver. 23andMe Inc. Meanwhile, 81% of the company's shares will be owned by current shareholders, and both Branson and 23andMe Co-Founder and. However, it would be wise to wait for more confirmation of the Virgin Orit SPAC merger. 23andMe is merging with VG Acquisition Corp. Trading will kick off today on the New York Stock Exchange under the ticker symbol VGAC. That acquisition or combination is known as the initial business combination. LONDON - Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. 3 months ago - InvestorPlace Once VGAC's shareholders vote to consent to the deal, the shell company will be delisted and 23andMe will trade on the New York Stock Exchange (NYSE) under the ticker ME. There is talk about Virgin Galactic Acquisition (VGAC) and investors are anticipating a bold move from celebrity and legendary business typhoon, Richard Branson. The merger should be completed mid-2021. 1 billion SPAC merger with United Wholesale Mortgage; $300 million IPO of Gores Holdings VIII, Inc. Jun 17, 2021 · VGAC Stock: Everything You Need to Know About Richard Branson, 23andMe and This Week’s SPAC Merger. The uptick in SPAC shorts comes as the market works to recover from a weeks-long slowdown. LOVELAND — The shareholder vote to take public commercial electric vehicle manufacturer Lightning eMotors via the special-purpose acquisition company GigCapital3 Inc. VGAC raised more than $500 million in its Oct. 23andMe Inc. Lockup period after SPAC merger/acquisition. Continue reading. By Faizan Farooque Mar 15, 2021, 8:32 am EDT. The stock price of VG Acquisition Corp (NYSE: VGAC) has increased by over 10% pre-market today as of 7:50 AM ET. (Reuters) -CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer. 30, 2020 at 7:42 a. , a SPAC (special purpose acquisition company) backed by banking entrepreneur Betsy Cohen. Faraday Future is the latest electric-vehicle company to announce a merger with a SPAC, bringing the company to public markets in the process. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Additional information about the proposed transaction, including a copy of the merger agreement and investor presentation, has been provided in a Current Report on Form 8-K filed by Reinvent today. 50 prior to announcing the intended merger. Photo Credit: Archer. 02 on this SPAC 23 and me and VGAC. V in a massive $10. VGAC stock is not worth more than $8. The uptick in SPAC shorts comes as the market works to recover from a weeks-long slowdown. Unlike the traditional IPO process where the lockup period is usually 180 days, after a SPAC merger, employees with stock options may have to wait up to a year to sell shares. SPAC merger can be a faster path to a public listing versus a traditional IPO (~3 months vs. The $155 million PIPE will own 7%. The deal by Foley. VG Acquisition Corp. 23andMe, Inc. 23andMe, a consumer genetics company, is going public via a merger with Richard Branson's special purpose acquisition corporation (SPAC) VG Acquisition Corp. Right now is a golden opportunity. Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. [08/30/21] DA PAIC entered into a definitive agreement with Revelation Biosciences. What happened Shares of 23andMe Holding, the genetic testing and genealogical database company, finalized its merger with special purpose acquisition company (SPAC) stock VG Acquisition (NYSE: VGAC) and began trading as itself on the Nasdaq Stock Market today. We are striving to meet the needs of our customers by offering the most affordable last-mile. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, today announced that the date of its extraordinary general meeting of shareholders to vote on. Tags Market News. , a leading consumer genetics and research company, and VG Acquisition Corp. Special purpose acquisition companies (SPACs) have been the talk of Wall Street for more than a year now. (NYSE: VGAC) in connection with the company's proposed merger with 23andMe, Inc. II (VGAC II) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. NEW YORK and SUNNYVALE, Calif. we plan on selling the majority of our positions BEFORE the ticker changes to avoid being over exposed during the warrant execution period and subsequent dilution. Here are the basics of the SPAC process, as it applies once a SPAC business idea has been defined and the SPAC's acquisition strategy has been outlined: Step 1: One or more pre-IPO Sponsors will pay for the initial setup costs and commit the SPAC's sponsor capital, which is 5. When is the VGAC SPAC-23andMe merger date, and should you buy the stock now? Article continues below advertisement. benefits solutions firm. Consumer DNA-testing company 23andMe Inc. When is the VGAC SPAC-23andMe merger date, and should. At-Risk Capital / Promote. (NYSE: VGAC), a special purpose acquisition. Virgin Group Acquisition Corp. Feb 22, 2021 · The merger implies an enterprise value of approximately $3. Momentus plans to offer in-space infrastructure services by building transfer and service vehicles that will carry satellites and hosted payloads between orbits in space using an innovative water-based microwave electrothermal (MET) propulsion system. , a leading consumer genetics and research company, and VG Acquisition Corp. Continue reading. Here's why three Motley Fool. 38, despite the exciting SPAC merger deal. , a Cayman Islands exempted company ("VGAC"), entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among VGAC, Chrome Merger Sub, Inc. VG Acquisition's mailing address is 65 BLEECKER STREET 6TH FLOOR, NEW YORK NY, 10012. March 09, 2021. Get the hottest stocks to trade every day before the market opens 100% free. On Thursday, shares of special purpose acquisition company ('SPAC') VG Acquisition (VGAC) soared 31% on news it would acquire consumer DNA-testing company 23andMe…. In this article. 4+ months from initial filing) Capable of collapsing a late stage private round and IPO into one transaction; Less burdensome to target's management team as SPAC is incentivized to close transaction as quickly as possible. , is a consumer genetics and research company. 30, 2020 at 7:42 a. What happened Shares of 23andMe Holding, the genetic testing and genealogical database company, finalized its merger with special purpose acquisition company (SPAC) stock VG Acquisition (NYSE: VGAC) and began trading as itself on the Nasdaq Stock Market today. VEMC - SPAC by Velocity Merger Corp. • Richard Branson SPAC VG Acquisition Corp. The public debut comes after 23andMe and the special purpose acquisition. As VGAC is already tradable in the public market, the shares have skyrocketed to 19 USD. (ticker: VGAC), is merging with the gene-testing company 23andMe and will list it publicly on the New York Stock Exchange under the. Once the securities comprising the units begin separate trading, shares and warrants…. Branson's SPAC (Special Purpose Acquisition Company), VG Acquisition (NASDAQ: VGAC), was formed just three months ago, and yesterday NASDAQ's "circuit breaker" routine temporarily halted the company's trading when prices jumped over 18% on rumors that they were in talks with 23andMe to acquire a majority stake in the testing company and take. I don't go more into detail here, but I want to talk about the shareholders which buy VGAC at the current 19 USD price WITHOUT additional rights like the initiators. Tags Market News. Tickers VGAC. 5 million units at $10. 23andMe, Inc. Talkspace recently announced a merger with Hudson Executive Capital to go public in a deal worth $1. Faraday Future is the latest electric-vehicle company to announce a merger with a SPAC, bringing the company to public markets in the process. By Seeking Alpha - Jun 10, 2021. 23andMe, a consumer genetics company, goes public through a merger with Richard Branson's special purpose acquisition company (SPAC) VG Acquisition Corp. WM Holdings will soon be coming public by a reverse merger with Silver Spike Acquisition ( SSPK) , a special purpose acquisition company. Tags NYSE:VGAC Market News VGAC. , the home DNA-testing provider, has some big dates coming up. Source: 23andMe FAcebook Consumer DNA test provider 23andMe is going public through the VG Acquisition Corp (VGAC) SPAC (or black-check company). Hims & Hers hit the public market earlier this year after closing its merger with Oaktree Acquisition. VGAC to ME Merger finalization date June 10, 2021 : VGAC ; This SPAC merger is a dud. A blank-check firm, backed by Virgin Group founder Sir Richard Branson, is taking consumer DNA-testing firm 23andMe public in a deal that values the merged entity at $3. Upon completion of the transaction, including the PIPE described below, the current owners of Cyxtera will retain. SPAC Pullback Pressures Creators to Find Quality Mergers Many SPAC teams are wooing startups to finish deals within two years. 5 billion, the companies said Thursday. VGAC stock is not worth more than $8. (the "Company") announced today that, commencing November 23, 2020, holders of the units sold in the Company's initial public offering of 48,000,000 units, completed on October 6, 2020 and the subsequent sale of an additional 2,855,000 units upon partial-exercise of the underwriter's over-allotment option, on October 16, 2020, may. 23andMe, a leading consumer genetics and research company, and VG Acquisition Corp. SPAC Track is a SPAC tracker and research tool. That would follow up on Friday's increase of 2. June 15, 2021. Under the terms of the merger agreement, VGAC will acquire 23andMe through. His blank-check special-purpose company, VG Acquisition Corp. 01 Entry Into A Material Definitive Agreement. Hey Guys, This is my first post in this sub, I am a full-time daytrader that has turned around $15,000 starting capital into over $2 Million+ over a 2 year period, most notably began trading options at the end of 2019, and have grown my account significantly through calculated trades all while practicing risk management. The company can be reached via phone at 212-497-9050. There is talk about Virgin Galactic Acquisition (VGAC) and investors are anticipating a bold move from celebrity and legendary business typhoon, Richard Branson. , a special purpose acquisition company founded by billionaire Richard Branson, to go public. Short interest in SPACs stood at $3. 7 months VGAC Stock: What to Know About VG Acquisition and 23andMe SPAC Merger Rumors. Under the terms of the SPAC deal, 23andMe was valued at $3. Once the securities comprising the units begin separate trading, shares and warrants…. After hitting a high above $18, in the weeks following its announcement of the merger candidate, shares of VGAC stock have pulled back about 41%. VGAC stock faced a trading halt earlier. Green/meetings - FSRV 6/7, ARYA 6/8, CAPA 6/9, THBR 6/9, VGAC 6/10, SSPK 6/10, CCX 6/10, ACTC 6/11, FAII 6/15, CRSA 6/16, ACAC 6/17, HEC 6/17, TBA 6/22, FTIV 6/22, AACQ 6/23, FTOC 6/23, FRX 6/24, FCAC 6/29, CLII 6/29, WPF 6/30, APXT 6/30. [08/26/21] DA OPA entered into a definitive agreement with Forbes Media. SVC named 2021 Band 1 PR Firm in Chambers & Partners' Litigation Support and Crisis & Risk Management Guides. For the last week, the stock has had a daily average volatility of 5. The company. VG Acquisition Corp. We discuss the SPAC. 23andMe, Inc. We are primarily focused on effecting a business combination with consumer-facing businesses in the U. is listed on the stock exchange with the ticker / Symbol VGAC, VGAC SPAC all time high was and the lowest price in the last 52 week was: , the current VGAC stock price is. Under the terms of the merger agreement, VGAC will acquire 23andMe through a reverse merger that will result. In the pre-market session today, shares of Virgin Group-backed special purpose acquisition company (SPAC) VG Acquisition Corp (VGAC) stood among the top gainers with a +20. A direct-to-consumer company,. The main trigger has to do with the confirmation of a merger with 23andMe. Each unit consists of one share of common stock and one-third of a warrant (exercisable at $11. Recent news, pitches the reverse merger of 23andMe Inc. SPAC Calendar. VGAC Stock: Everything You Need to Know About Richard Branson, 23andMe and This Week's SPAC Merger. I highly recommend WeB. 23andMe Inc. It would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion. NASDAQ Updated Aug 31, 2021 4:00 AM VGAC 0. Educational/ Stock Market/ Investments. SPAC Merger status as of 6/5/21. VIH - SPAC by VPC Impact Acquisition Holdings. is a special purpose acquisition company, or SPAC, owned by Richard Branson. What Happened: After mergers for SoFi Technologies Inc VGAC). Faraday Future is the latest electric-vehicle company to announce a merger with a SPAC, bringing the company to public markets in the process. The 2% roughly covers the initial underwriting fee; the $2 million then covers the operating expenses of the. Why Stock Trading Higher In order to carry out a merger, […]. Investors appeared to be underwhelmed by 23andMe, sending the SPAC. As VGAC is already tradable in the public market, the shares have skyrocketed to 19 USD. Virgin Group Acquisition Corp. ( VGAC) is one of the latest star-studded SPACs to rise in popularity seeing an increase in volume in recent weeks fueled by talks of a space-based ETF from ARK. 2 billion in mid-June, up from $2. With the big jump in VGAC shares on the deal announcement, the familiar brand name of the target, and the celebrity of the SPAC sponsor, it's no surprise that a couple of people have asked me what I think of the deal 23andMe Confirms Merger with SPAC VG Acquisition Corp. VGAC stock faced a trading halt earlier. Sometimes employees are able to sell a preset number of shares after closing in a tender offer. 23andMe Inc. Virgin Group is one of the latest large corporations launching a SPAC. VG Acquisition Corp. (NYSE: VGAC) in connection with the company's proposed merger with 23andMe, Inc. Competition among so-called blank-check companies to find mergers is already stiff. The basis of presentation for the pro forma information is dependent on the expected accounting treatment of the transaction and typically include considerations for public shareholders’ redemptions, secondary transactions and impact from any tax status change from the SPAC merger. VGAC — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!. Tags Market News VGAC Today's Market. Business Insider 2021-02-04 13:23:00 EDT. 38, despite the SPAC merger Shares of 23andMe rose about 1% to trade just over $11 per share in their trading debut on the Nasdaq as the consumer genetic testing company became one of the latest companies to go public via SPAC deal. Only see the latest, highly-relevant SPAC filings with our SEC monitoring feature. Monitor warrant movements to keep track of potential buy and sell opportunities on the companies you're familiar with. Leadership - 23andMe Media Center. 00/share If no public shareholders of VGAC exercise their redemption rights, 23andMe will be capitalized up to $984M in cash to fund operations & support growth initiatives. VGAC will trade as ME starting tomorrow, June 17. Date merger announced: 2/4/2021. This is at least the third life sciences company this month to go public by merging with a SPAC. Share-price declines and a ticking clock to take companies public are ratcheting up the pressure. 38, despite the exciting SPAC merger deal. 23andMe Inc. Hims & Hers hit the public market earlier this year after closing its merger with Oaktree Acquisition. After hitting a high above $18, in the weeks following its announcement of the merger candidate, shares of VGAC stock have pulled back about 41%. Israeli-founded online payments startup Payoneer announced last week it has signed a deal to become a publicly traded company by merging with FTAC Olympus Acquisition Corp. Blackstone (BX) to merge Alight with SPAC backed by Bill Foley. Talkspace recently announced a merger with Hudson Executive Capital to go public in a deal worth $1. (NYSE: GIK) has been set for 10 a. 23andMe Holding Co. Electric vehicle maker Xos Trucks is gearing up to go public through a reverse merger with NextGen Acquisition Corp. VG Acquisition Corp. LOVELAND — The shareholder vote to take public commercial electric vehicle manufacturer Lightning eMotors via the special-purpose acquisition company GigCapital3 Inc. 1 billion SPAC merger with United Wholesale Mortgage; $300 million IPO of Gores Holdings VIII, Inc. The price is depressed slightly because those expecting a 'galactic' merger haven't fully considered the tremendous potential of genetics in healthcare so we have a shift in the shareholder base. 4+ months from initial filing) Capable of collapsing a late stage private round and IPO into one transaction; Less burdensome to target's management team as SPAC is incentivized to close transaction as quickly as possible. The warrants can be exercised for one class A share with a strike price of $11. VG Acquisition Corp (VGAC) is a Special Purpose Acquisition Company (SPAC) formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. Humacyte, Inc. The deal has an enterprise value of about $3. So much remains unknown. , is a consumer genetics and research company. VGAC SPAC is a force to be reckoned with! Onto the serious part. , a leading consumer genetics and research company, will be June 10, 2021. But this is crazy…. If the warrant is exercisable, management can issue a 30-day written notice and redeem those warrants early. 4 billion SPAC merger in August. Tickers VGAC. Here are the basics of the SPAC process, as it applies once a SPAC business idea has been defined and the SPAC's acquisition strategy has been outlined: Step 1: One or more pre-IPO Sponsors will pay for the initial setup costs and commit the SPAC's sponsor capital, which is 5. Also known as blank-check. Virgin Group Acquisition Corp. vgac, in a deal with an enterprise. The deal by Foley. 23andMe, a consumer genetics company, is going public via a merger with Richard Branson's special purpose acquisition corporation (SPAC) VG Acquisition Corp. For the last week, the stock has had a daily average volatility of 5. VGAC Stock: What This SPAC Lacks Shares may have initially popped on the news of the 23andMe deal. 23andMe CEO on Trading Debut, GSK Deal, Branson SPAC. Luxury electric vehicle startup Lucid Motors went public after a merger with "blank-check" firm Churchill Capital Corp IV, in the largest deal yet between a SPAC and an electric car company. Tickers VGAC. , May 17, 2021 /PRNewswire/ -- VG Acquisition Corp. VGAC Stock: Everything You Need to Know About Richard Branson, 23andMe and This Week's SPAC Merger. WeissLaw LLP is investigating whether VGAC's board acted in the best interest of VGAC's public. After all, the point of a SPAC is to find a merger target, and bring that target to the public markets. VG Acquisition Corp (NYSE:VGAC), the special purpose acquisition company … 23andMe plans to make Nasdaq debut next week after SPAC merger - Silicon Valley Business Journal - Flipboard Flipboard Home. Ten Virgin companies to date have been valued at a billion dollars or more:. The Company offers direct-to-consumer genetic testing and personalized information about genetic health risks, ancestry, and traits. VG Acquisition Corp. On 3/22/2021 the company announced a pending merger with VELO3D, Inc. Going public through a SPAC merger has become a major trend for digital health companies over the last year. There is talk about Virgin Galactic Acquisition (VGAC) and investors are anticipating a bold move from celebrity and legendary business typhoon, Richard Branson. , April 21, according to documents filed Monday with the U. VGAC SPAC is backed by billionaire Richard Branson of Virgin Group. The transaction implies a total enterprise value of approximately $3. , a leading consumer genetics and research company, and VG Acquisition Corp. 2B fintech business. SPAC stands for special purpose acquisition company (SPAC). 23andMe, the genetics company best known for its in-home DNA testing kits, is set to go public through a merger with special-purpose acquisition company (SPAC) VG Acquisition (NYSE:VGAC). VGAC stock investors and sponsors will own a 13 percent stake in 23andMe stock. 23andMe plans to make its Nasdaq debut next week after its SPAC merger. In early February, soon after the VG and 23andMe announced their merger plan, VGAC's stock jumped as high as $18. How Can You Value a SPAC Stock Before It Completes Its Merger? June 05, 2021. and , /PRNewswire/ -- VG Acquisition Corp. Hey Guys, This is my first post in this sub, I am a full-time daytrader that has turned around $15,000 starting capital into over $2 Million+ over a 2 year period, most notably began trading options at the end of 2019, and have grown my account significantly through calculated trades all while practicing risk management. The deal is expected to have an implied estimated value of about $3. , the home DNA-testing provider, has some big dates coming up.