NEW YORK, Nov. 20, 2020 /PRNewswire/ -- VG Acquisition
Corp. (the "Company") announced today that, commencing November 23, 2020, holders of the units sold in
the Company's initial public offering of 48,000,000 units,
completed on October 6, 2020 and the
subsequent sale of an additional 2,855,000 units upon
partial-exercise of the underwriter's over-allotment option, on
October 16, 2020, may elect to
separately trade the shares of Class A ordinary shares and warrants
included in the units. Those units not separated will continue to
trade on the New York Stock Exchange ("NYSE") under the symbol
"VGAC.U," and the shares of Class A ordinary shares and warrants
that are separated will trade on the NYSE under the symbols "VGAC"
and "VGAC.WS," respectively. Holders of units will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
units into Class A ordinary shares and warrants.
The offering was made only by means of a prospectus, copies of
which may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933
Louis Stephens Drive, Morrisville, North
Carolina 27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
Credit Suisse acted as the sole book-running manager of the
offering. A registration statement relating to the securities has
been declared effective by the U.S. Securities and Exchange
Commission (the "SEC") on October 1,
2020. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About VG Acquisition Corp.
VG Acquisition Corp. was formed for the purpose of effecting a
merger, amalgamation, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. The Company intends to focus on businesses that
operate in one of the Virgin Group's core sectors: travel &
leisure, financial services, health & wellness, technology
& internet-enabled, music & entertainment, media &
mobile and renewable energy/resource efficiency. The management
team includes Sir Richard Branson,
founder of the Company, a renowned global entrepreneur and founder
of the Virgin Group; Josh Bayliss,
the Company's Chief Executive Officer and director, who is the
Chief Executive Officer of the Virgin Group and is responsible for
the Virgin Group's strategic development, licensing of the brand
globally and management of direct investments on behalf of the
Virgin Group in various companies around the world; and
Evan Lovell, the Company's Chief
Financial Officer and director, who is the Chief Investment Officer
of the Virgin Group and is responsible for managing the Virgin
Group's investment team and portfolio in North America.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies of these documents are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Investor Contact
For inquiries please contact FTI Consulting:
US, Canada, South America, Australia – Antonia
Gray / Grace Altman
E: Antonia.Gray@fticonsulting.com /
Grace.Altman@fticonsulting.com
UK, Middle East, Asia, Africa
– Charles Palmer
E: Charles.Palmer@fticonsulting
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SOURCE VG Acquisition Corp.