---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-252565"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2026-06-02T12:08:20+00:00"
generated_at: "2026-06-02T12:10:14.083330+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic issues up to $30.5M in stock to redeem First Lien Notes ahead of schedule

## Summary
- On June 2, 2026, Virgin Galactic issued notice to redeem up to $30.5M of its 9.80% First Lien Notes due 2028, payable in common stock.
- $10M already redeemed May 18; remaining mandatory redemption of $20.4M due Sept 30, 2026, plus $10.1M due Dec 31, 2027 are targeted.
- Redemption price at par plus accrued interest, paid via shares based on 5-day VWAP with a floor price; partial redemption possible if price below floor.
- Successful redemption would eliminate all mandatory principal payments until March 31, 2028, and reduce ongoing cash interest obligations.
- Company expects to begin commercial operations in Q4 2026 and cites improved liquidity and capital management as rationale.

## SEC filing metadata
- accession: 0001193125-26-252565
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2026-06-02T12:08:20+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000119312526252565/0001193125-26-252565-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000119312526252565/d127675d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-252565
- JSON: https://secwatch.observer/filing/0001193125-26-252565.json
- Plain text: https://secwatch.observer/filing/0001193125-26-252565.txt

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