{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-276740","form_type":"8-K","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2026-06-22T12:15:07+00:00","discovered_at":"2026-06-22T12:20:00.276821+00:00","generated_at":"2026-06-22T12:20:22.286841+00:00","sec_items":["3.02"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Virgin Galactic exchanges ~$52.5M of 2027 convertible notes for shares, reducing outstanding by 75%","bullets":["Exchanged ~$52.5M principal of 2.50% Convertible Senior Notes due 2027 for common stock/pre-funded warrants.","Outstanding notes reduced from $70.4M to $17.9M (~75% reduction); exchange expected to close June 29, 2026.","Share count determined by 5-day VWAP with floor $3.03 and cap $4.09; issued to QIBs and accredited investors via private placement.","Company cites improved liquidity and balance sheet strength as it prepares for commercial operations in Q4 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-276740","json":"https://secwatch.observer/filing/0001193125-26-276740.json","markdown":"https://secwatch.observer/filing/0001193125-26-276740.md","text":"https://secwatch.observer/filing/0001193125-26-276740.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000119312526276740/0001193125-26-276740-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000119312526276740/d106173d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T12:20:22.286841+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}