secwatch.observer — SEC 8-K summary
======================================

Issuer:     Virgin Galactic Holdings, Inc (SPCE)
CIK:        0001706946
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0001193125-24-159991
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706946/000119312524159991/0001193125-24-159991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706946/000119312524159991/d829568d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-159991

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer