Virgin Group Acquisition III in an amended S-1 filing today said it will now offer 30 million units at $10 each, down from the 50 million registered with the SEC in March.
A unit still consists of a share and one-fifth of a warrant, with whole warrants exercisable at $11.50.
The SPAC’s focus is on branded businesses that provide exceptional consumer experiences in sectors where Virgin has historically created value. Billionaire and occasional astronaut Richard Branson leads the company.
The SPAC has applied for a listing on the NYSE under VIII.U. Read more.
