Virgin Galactic to issue shares in exchange for $52.5 million of 2.5% convertible notes due 2027

Virgin Galactic

Virgin Galactic

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  • Virgin Galactic entered a private exchange to issue common stock or pre-funded warrants for about $52.5 million of 2.50% Convertible Senior Notes due 2027.
  • Transaction targets liquidity and balance sheet strength ahead of planned commercial operations in Q4 2026.
  • Exchange cuts outstanding 2027 Notes about 75% to $17.9 million from $70.4 million.
  • Share count set over a five-day VWAP observation starting June 22, with a $3.03 floor and $4.09 cap.
  • Closing expected around June 29, relying on a Securities Act Section 4(a)(2) exemption for unregistered issuance.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virgin Galactic Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-276740), on June 22, 2026, and is solely responsible for the information contained therein.

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