Virgin Group Acquisition Corp. II

closedU=S+W/5W=S@11.50
GROVSEC EDGARCIK: 0001841761|Virgin Group Acquisition Sponsor II LLC

Capital Structure & Economics

Trust Size$330,000,000
Unit Price$10.00
Warrant Coverage1/5
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

20% Warrant Inclusion
Public Trust Allocation$330,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedFeb 12, 2021
Target AnnouncedMar 31, 2022
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyGrove Collaborative, Inc.
  • Announced Deal Size$1,400,000,000
  • Announcement Date2022-03-31

Board & Officers

  • Grove Collaborative Holdings, Inc.CEO
  • Stuart LandesbergDirector
  • Sergio CervantesDirector
  • Christopher ClarkDirector
  • Delida CostinDirector
  • Jennie PerryDirector
  • Jon SilvermanDirector
  • David GlazerDirector
  • John Replogle(2)
    Director
  • Kristine MillerDirector
  • Naytri Shroff SramekDirector
  • Rayhan Arif(2)
    Director
  • Fumbi ChimaDirector
  • Josh Bayliss(3)
    Director
  • Evan Lovell(5)
    Director
  • Latif Peracha(2)
    Director
  • Elizabeth NelsonDirector
  • Chris BurggraeveDirector
  • Catherine BeaudoinDirector

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction