---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-149258"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:42:33.995904+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic receives NYSE non-compliance notice for sub-$1.00 stock price; plans reverse split proposal

## Summary
- NYSE notice on May 29, 2024: SPCE avg. closing price below $1.00 over 30 trading days.
- Company has six months (Cure Period) to regain compliance under NYSE Section 802.01C.
- Will seek stockholder approval at June 12, 2024 annual meeting for reverse stock split (ratio 1:2 to 1:20).
- If approved and effected, expects trading price to exceed $1.00 and cure deficiency.
- SPCE remains listed and trades normally on NYSE during Cure Period.

## SEC filing metadata
- accession: 0001193125-24-149258
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000119312524149258/0001193125-24-149258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000119312524149258/d835429d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-149258
- JSON: https://secwatch.observer/filing/0001193125-24-149258.json
- Plain text: https://secwatch.observer/filing/0001193125-24-149258.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.