VGAC.U News

VG Acquisition Corp., a blank check company formed by Virgin Group targeting consumer-facing businesses in the US and Western Europe, raised $480 million by offering 48 million units at $10. The company offered 8 million more units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.  The company is led...read more

VG Acquisition Corp., a blank check company formed by Virgin Group, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering. The New York, NY-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size,...read more