Virgin Galactic announces 1-for-20 reverse stock split to meet NYSE minimum bid price

Virgin Galactic Holdings, Inc

Board approved 1-for-20 reverse split; effective 5:00 p.m. ET June 14, 2024.
Split-adjusted trading under symbol SPCE begins June 17, 2024.
Goal is to raise per-share price to satisfy NYSE continued listing requirement.
Stockholders approved split at annual meeting on June 12, 2024.
No fractional shares issued; cash payment at closing price on effective date.

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