3//SEC Filing
VG Acquisition Sponsor LLC 3
Accession 0000950103-20-019432
CIK 0001804591other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 9:42 PM ET
Size
41.4 KB
Accession
0000950103-20-019432
Insider Transaction Report
Form 3
VG Acquisition Corp.VGAC.U
Corvina Holdings LTD
10% Owner
Holdings
Class B ordinary shares
Exercise: $0.00→ Class A ordinary shares (11,410,000 underlying)
Virgin Group Holdings LTD
10% Owner
Holdings
Class B ordinary shares
Exercise: $0.00→ Class A ordinary shares (11,410,000 underlying)
Branson Sir Richard
10% Owner
Holdings
Class B ordinary shares
Exercise: $0.00→ Class A ordinary shares (11,410,000 underlying)
VG Acquisition Sponsor LLC
10% Owner
Holdings
Class B ordinary shares
Exercise: $0.00→ Class A ordinary shares (11,410,000 underlying)
Footnotes (4)
- [F1]The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis for no additional consideration concurrently with or immediately following the consummation of the initial business combination by the Issuer, on a one-for-one basis, subject to the adjustments described in the Issuer's prospectus on Form S-1 filed on September 16, 2020 (the "Prospectus"). The Class B ordinary shares have no expiration date.
- [F2]Up to 1,500,000 of these Class B ordinary shares will be forfeited in the event the underwriters for the Issuer's initial public offering do not exercise in full their overallotment option in connection with that offering, all as described in the Prospectus.
- [F3]VG Acquisition Sponsor LLC, a Cayman Islands limited liability company, is the record holder of these shares. Corvina Holdings Limited, a British Virgin Islands exempted company, is the sole managing member and manager of VG Acquisition Sponsor LLC and holds an economic interest therein. Corvina Holdings Limited is wholly owned by Virgin Group Holdings Limited.
- [F4]Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by VG Acquisition Sponsor LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the shares except to the extent of its or his pecuniary interest therein.
Issuer
VG Acquisition Corp.
CIK 0001804591
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001826764
Filing Metadata
- Form type
- 3
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 9:42 PM ET
- Size
- 41.4 KB