VGAC - SPAC VG Acquisition gains after shareholder vote on 23andMe deal

June, 10 2021 12:31 PM VG Acquisition Corp. Class A

Sundry Photography/iStock Editorial via Getty Images SPAC VG Acquisition Corp. (VGAC) rose 4.6% after a shareholder vote on a deal with popular home-genetics testing firm 23andMe was scheduled to have taken place earlier. The results of the vote couldn't be immediately be learned. 23and3 didn't immediately return Seeking Alpha request for comment. In February, 23andMe agreed to go public via a SPAC operated by Virgin Group’s Sir Richard Branson in a deal that will value the company at some $3.5 billion. Branson launched VG Acquisition Corp. last year, raising $480 million through an initial public offering in October. VG Acquisition shares had fallen almost 25% through yesterday since the deal was announced in earlier February. See SA contributor The Software Side of Life's piece from late April entitled "VG Acquisition Corp.: 23andMe Could Be A Massive But Risky Winner."

For further details see:

SPAC VG Acquisition gains after shareholder vote on 23andMe deal

Company Name:	VG Acquisition Corp. Class A
Stock Symbol:	VGAC
Market:	NYSE

Twitter