The Traderszone Network

Published in TZ Latest News 28 December, 2021 by The TZ Newswire Staff

NextGen Acquisition Corp. II (NGCA) Shareholders Approve Virgin Orbit Deal

NextGen Acquisition Corp. II (NASDAQ:NGCA) announced that its shareholders have approved its combination with space venture Virgin Orbit. Although NGCA did not disclose exact redemption amounts, today’s press release stated that the transaction is expected to raise approximately $228 million in gross proceeds with $68 million of that amount coming from trust proceeds, implying a
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