VG Acquisition Corp.
Completed 2021-06-16- CIK 1804591
- VGAC
- Now ME
- IPO 2020-10-05
- $509M trust
- 458 filings
Successfully merged with 23andMe, Inc. • Now trading as ME
- IPO Size
- $480M
- raised at the IPO
- Trust
- $509M
- as of 2021-03-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
458 filings over 24 quarters; violet bars carry a milestone
- 20 Q1: 1 filing
- 20 Q2: 0 filings
- 20 Q3: 7 filings
- 20 Q4: 24 filings
- 21 Q1: 16 filings
- 21 Q2: 52 filings
- 21 Q3: 19 filings
- 21 Q4: 22 filings
- 22 Q1: 23 filings
- 22 Q2: 11 filings
- 22 Q3: 37 filings
- 22 Q4: 19 filings
- 23 Q1: 18 filings
- 23 Q2: 14 filings
- 23 Q3: 38 filings
- 23 Q4: 22 filings
- 24 Q1: 19 filings
- 24 Q2: 18 filings
- 24 Q3: 27 filings
- 24 Q4: 19 filings
- 25 Q1: 16 filings
- 25 Q2: 20 filings
- 25 Q3: 9 filings
- 25 Q4: 7 filings
- S-1 filed 20 Q1
- IPO 20 Q4
- Definitive agreement 21 Q1
- Completed 21 Q2
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
VG Acquisition Corp. is a Virgin Group-sponsored blank-check company seeking a business combination, primarily with a consumer-facing business. It plans to focus on Virgin's core sectors and believes the Virgin brand can help target businesses grow and improve their financial profiles.
Investment Focus
Travel, Leisure, Financial Services, Healthcare, Wellness, Technology, Music, Entertainment, Media, Telecommunications, Renewable Energy
Geographic Focus
U.S., Western Europe
Key Information
As the filings state it
- IPO Date
- 2020-10-05
- Total Redemptions
- $167M
- PIPE
- $250M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-06-16
- Merger Target
- 23andMe, Inc.
- SPAC Ticker
- VGAC
- Merged Ticker
- ME
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Virgin Group executives Josh Bayliss and Evan Lovell, alongside founder Sir Richard Branson and directors with experience in professional services, finance, technology and water businesses. The Virgin Group team brings investment, operating, transaction and public-company experience, as well as a global network and brand expertise.