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NextGen II (NGCA) Adds New $100M PIPE to Virgin Orbit Deal

NextGen II (NGCA) Adds New $100M PIPE to Virgin Orbit Deal

Dec 23, 2021 INTEL by sam.beattie

NextGen Acquisition Corp. II (NASDAQ: NGCA) announced Virgin Group’s intention to purchase up to $100 million in new PIPE investment  (“the Additional Equity Amount”) for its intended combination with Virgin Orbit, at a price per share of $10.00. NextGen’s Sponsor will be supporting a portion of the Additional Equity Amount alongside the Virgin Group. As
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