23andMe Holding Company (ME)

[nonsequetor]

Sir Richard Branson, Anne Wojcicki, Fidelity Management & Research Company LLC, Altimeter Capital, Casdin Capital and Foresite Capital...

WOW!!!!

The transaction is expected to deliver up to $759 million of gross proceeds through the contribution of up to $509 million of cash held in VG Acquisition Corp.’s trust account and a concurrent $250 million private placement (PIPE) of common stock, priced at $10.00 per share. Sir Richard Branson, Founder of the Virgin Group, and Anne Wojcicki, CEO and Co-Founder of 23andMe, are each investing $25 million in the PIPE and are joined by leading institutional investors, including funds managed by Fidelity Management & Research Company LLC, Altimeter Capital, Casdin Capital and Foresite Capital.