Virgin Orbit SPAC merger with NextGen II
- Company
- Virgin Orbit
- Type
- SPAC merger
- Status
- Completed
- Date
- 29 Dec 2021
- Value
- US$228m
- Value basis
- SPAC business combination; c.$228m gross proceeds: $68m trust and $160m PIPE (Boeing, AE Industrial among investors)
- Region
- US
- Segment
- Listed equity
Parties
- Virgin Orbit issuer
Key terms
- Structure
- SPAC business combination; c.$228m gross proceeds: $68m trust and $160m PIPE (Boeing, AE Industrial among investors)
Sources
- NextGen II Form 8-K exhibit 99.1 sec.gov · 29 Dec 2021
Record ORB-INV-2021-0029. Investments are kept apart from the financings register and never counted in debt totals.
