Re: Virgin buys 23andMe #announcements


JoAnne Goldberg
 

It's a little more complicated than Virgin buying 23andMe or 23andMe
going public.

Virgin has what's called a Special Purpose Acquisition Corporation
(SPAC), VG Acquisition Corp, which is already listed on the NYSE. (The
stock took a dive after the announcement.) VGAC's merger with 23andMe
will allow 23andMe to raise capital without going through a traditional
IPO process.

After the deal is complete in a few months, anyone will be able to buy
the stock; VGAC will be changing its ticker symbol to ME.
--
JoAnne Goldberg - Menlo Park, California; GEDmatch M131535
BLOCH, SEGAL, FRIDMAN, KAMINSKY, PLOTNIK/KIN -- LIthuania
GOLDSCHMIDT, HAMMERSCHLAG,HEILBRUNN, REIS(S), EDELMUTH, ROTHSCHILD, SPEI(Y)ER -- Hesse, Germany
COHEN, KAMP, HARFF, FLECK, FRÖHLICH, HAUSMANN,  DANIEL  -- Rhineland, Germany

 

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