Richard Branson’s satellite launch firm, Virgin Orbit, to go public via SPAC merger

Richard Branson’s Virgin Orbit, a satellite-launching spinoff of the billionaire founder’s space tourism firm, is going public through a merger with a shell company, the firm announced on Monday. The company will be valued at $3.2 billion and includes an investment from Boeing. Virgin Orbit plans to merge with the special purpose acquisition company (also … Read more

Carrefour-Auchan merger: the reasons for failure

Carrefour CEO Alexandre Bompard in La Défense, near Paris, January 23, 2018. PHILIPPE WOJAZER / REUTERS It was almost midnight, Thursday, October 7, when Alexandre Bompard, CEO of Carrefour, informed the Mulliez family, owner of Auchan, that he was ending negotiations on a merger between the two brands. Hours earlier, he had called a meeting … Read more

Shareholders Approve Rocket Lab SPAC Merger

A Rocket Lab Electron rocket on the pad at Launch Complex 1 ahead of “I Can’t Believe It’s Not Optical” mission. Photo: Rocket Lab Rocket Lab’s special purpose acquisition company (SPAC) merger is set to close, making Rocket Lab a publicly traded company. Shareholders of Vector Acquisition Corporation approved the SPAC merger with Rocket Lab … Read more

Société Générale-Crédit du Nord: anxiety before the merger

A branch of the French bank Crédit du Nord, September 20, 2010. ETIENNE LAURENT / AFP A shattering announcement, and then nothing. Just a year ago, the employees of the Société Générale group learned from the press of the existence of the proposed merger between the establishment’s branch network and that of its subsidiary Crédit … Read more

Vector Acquisition Corporation shareholders approve Rocket Lab SPAC merger

Rocket Lab will receive approximately $777m, before transaction expenses, from the SPAC and a current private investment in public equity (PIPE) round. Shareholders of a special-purpose acquisition company (SPAC) has voted to merge with Rocket Lab, giving the small launch vehicle and spacecraft developer an infusion of cash. Vector Acquisition Corporation, a publicly traded special purpose … Read more

Should You Buy NGCA Stock Before the Virgin Orbit Merger Date?

Billionaire Sir Richard Branson’s Virgin Orbit is going public through a SPAC merger with NextGen Acquisition II (NGCA). The deal, which gives Virgin Orbit an implied proforma equity value of approximately $3.7 billion, is expected to close by the end of 2021. Is NGCA a good buy before the Virgin Orbit merger? Article continues below … Read more

Richard Branson’s Virgin Orbit to go public in SPAC merger valuing the satellite launch company at $3.2 billion

Virgin Orbit ground crew members head out to Cosmic Girl and its LauncherOne rocket. Greg Robinson/Virgin Orbit Satellite launch company Virgin Orbit will go public through a $3.2 billion SPAC deal. Virgin Orbit will be taken public through NextGen Acquisition Corp. II and aims to list on shares on Nasdaq. Billionaire Richard Branson took his … Read more

Virgin Orbit SPAC Merger: 16 Things for NGCA Stock Investors to Know

Virgin Orbit is preparing for a special purpose acquisition company (SPAC) merger with NextGen Acquisition II (NASDAQ:NGCA) that will take it public without an initial public offering (IPO). Source: muratart / Shutterstock.com Here’s what traders need to know about the Virgin Orbit SPAC merger deal and what it means for NGCA stock. Virgin Orbit is … Read more

Shapeways to press ahead with SPAC merger despite flat Q2 revenue growth

The nominations for the 2021 3D Printing Industry Awards are now open. Who do you think should make the shortlists for this year’s show? Have your say now. 3D printing service provider Shapeways has revealed that it still intends to complete its upcoming merger with Special Purpose Acquisition Company (SPAC) Galileo Acquisition despite failing to … Read more