SPAC · Merger completed
Virgin Group Acquisition Corp. II
Business combination with Grove Collaborative, Inc.
Virgin Group Acquisition Corp. II is a blank-check company (SPAC) that raised $350M in its initial public offering on Mar 24, 2021, listing on New York Stock Exchange. It completed its business combination with Grove Collaborative, Inc. on Jun 16, 2022; the combined company is Grove Collaborative Holdings, Inc. (GROV). Virgin led the IPO, with Virgin Enterprises. Davis Polk advised the SPAC and Latham & Watkins advised the underwriters on the IPO.
Grove Collaborative, launched in 2016 as a Certified B Corp, creates and curates planet-first consumer products across household cleaning, personal care, laundry and clean beauty. Its aim is to make consumer products a positive force for people and the environment.
- Status
- Merger completed
- IPO date
- Mar 24, 2021
- IPO size
- $350M
- IPO exchange
- New York Stock Exchange
- Target
- Grove Collaborative, Inc.
- Announced
- Dec 8, 2021
- Closed
- Jun 16, 2022
- Combined company
- Grove Collaborative Holdings, Inc. (GROV)
- IPO underwriters
- Virgin and Virgin Enterprises
- SPAC counsel (IPO)
- Davis Polk and Maples and Calder
- Underwriters' counsel (IPO)
- Latham & Watkins
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- PIPE and other committed financing
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Mar 24, 2021
- Deal announcement (8-K) Dec 8, 2021
- Press release
- All filings on EDGAR CIK 1841761
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