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23andme Spac Merger
In a deal valuing it at 35 billion 23andMe agreed to merge with the Branson-backed SPAC. Covid-19 has really opened up doors.
23andme Set To Go Public Via A Virgin Group Spac Merger Techcrunch
Merging with a SPAC is an alternative to an initial public offering IPO which typically requires more regulatory paperwork.
23andme spac merger. The transaction is expected to result in 23andMe having around 984 million in cash available at close to spend on product development hires and other growth strategies. When is the VGAC SPAC23andMe merger date. This SPAC special purpose acquisitio.
Potential DNA testing company 23andme is in talks for a SPAC Merger with VG Acquisition Corp VGAC Stock. A merger with a special purpose acquisition company or SPAC allows 23andMe to go public without the uncertainty or holding an initial public offering. VGAC entered into a definitive agreement to combine with 23andMe through a combination of stock and cash financing.
23andMe VGAC merger SPAC On the 4th February 2021 23andMe and VG Acquisition Corp announced that they will merge bringing 23andMe into the public. Consumer DNA-testing company 23andMe will go public by merging with VG Acquisition a SPAC sponsored by Richard Bransons Virgin Group. Richard Bransons publicly listed special acquisition purpose company has agreed to merge with 23andMe valuing the genetics testing group at about 35bn.
Genetics testing and genome research company 23andMe is set to go public via a merger with special purpose acquisition corp SPAC VG Acquisition Corp a vehicle set up by Richard Branson and his company Virgin Group. The business combination values. Wojcicki and Branson each invested.
VGAC and 23andMe announced their merger agreement on Feb. 4 it will complete a SPAC merger special purpose acquisition corp with 23andMe the consumer genetics analysis company. I am just an ordinary everyday invest.
23andMe the consumer genetics company that popularized at home DNA test kits is going public via merger with a SPAC. VGAC will contribute up to 509 million of. For those unfamiliar 23andMe is a consumer DNA-testing company that provides incite on ancestry and healthcare.
When 23andMe CEO Anne Wojcicki and VG Acquisitions founder Richard Branson announced the merger deal in February the genetics company was valued at 35 billion. In this video Lincoln walks through the key details of the Virgin Group Acquisition CorpVGAC merger with 23andMe. The company will merge.
23andMe 23andMe saliva collection kit Through the merger the SPAC VG Acquisition Corp. VGAC announced on Feb. 23andMe is the latest company to go.
But this is crazy. 23andMe a consumer genetics company is going public via a merger with Richard Bransons special purpose acquisition corporation SPAC VG. On February 4 2021 VG Acquisition Corp.
VG Acquisition Corp NYSE. This merger will be a huge move for 23andMe. As VGAC is already tradable in the public market the shares have skyrocketed to 19 USD.
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. Richard Branson-backed Spac in talks to merge with 23andMe Anne Wojcicki is the co-founder and chief executive of 23andMe Miles Kruppa in San Francisco and. Also according to the rumors a.
This SPAC special purpose acquisitio.
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