Virgin Orbit Registration Statement Related to Business Combination With NextGen Acquisition Corp. II Declared Effective by SEC

December 08, 2021

NextGen Acquisition Corp. II announced that its Registration Statement on Form S-4 in connection with the previously announced business combination (the “Business Combination”) with Vieco USA, Inc., the parent company of Virgin Orbit ("Virgin Orbit" or the "Company"), the responsive launch and space solutions company, has been declared effective by the Securities and Exchange Commission (the “SEC”).

NextGen has set December 28, 2021 at 9:00 a.m. Eastern time for a special meeting of stockholders to approve the proposals associated with the Business Combination.  

NextGen stockholders of record as of the close of business on November 19, 2021 will be mailed the proxy materials in connection with the Business Combination and will be entitled to vote at the special meeting. The boards of directors of Virgin Orbit and NextGen have unanimously approved the Business Combination. Upon the closing of the Business Combination, the combined company will be named “Virgin Orbit Holdings, Inc.” and its common stock will be listed on NASDAQ under the new ticker symbol “VORB”.

“We are pleased to have achieved this milestone and to announce a date for the Special Meeting of NextGen stockholders,” said George Mattson, Co-Founder and Co-Chairman of NextGen. “As we near effecting our merger with Virgin Orbit, we look forward to working closely with the new Virgin Orbit team to realize its goal of making space a more accessible frontier for all, while driving lasting change on Earth through space.” 

"As a global space company, we’re on a mission to open space for good," added Dan Hart, CEO of Virgin Orbit. "Our business combination with NextGen builds on the hard work of our team has put in these last few years, providing an avenue to connect with new people who want to become informed about and engaged with space and with all the ways that satellites, space technology and space access can drive progress, prosperity, and security. We’re delighted to take the step forward, and grateful to all those who have worked with us to get us to this major milestone." Subject to stockholder approval and other customary closing conditions identified in the business combination agreement, the Business Combination is expected to close as soon as practicable following the special meeting.