23andMe Successfully Closes its Business Combination with VG Acquisition Corp.
SUNNYVALE, Calif. and NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- 23andMe, Inc., a leading consumer genetics and research company, and VG Acquisition Corp. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, today announced the completion of their previously announced business combination.
- SUNNYVALE, Calif. and NEW YORK, June 16, 2021 (GLOBE NEWSWIRE) -- 23andMe, Inc., a leading consumer genetics and research company, and VG Acquisition Corp. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, today announced the completion of their previously announced business combination.
- The transaction, which was approved on June 10, 2021 by VG Acquisition Corp.s shareholders, uniquely positions 23andMe to revolutionize personalized healthcare and therapeutic development through human genetics.
- 23andMe was founded to revolutionize healthcare by empowering people with direct access to their DNA, said Anne Wojcicki, CEO and Co-Founder of 23andMe.
- 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.