---
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"
generated_at: "2026-06-22T12:20:22.286841+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic exchanges ~$52.5M of 2027 convertible notes for shares, reducing outstanding by 75%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-276740
- JSON: https://secwatch.observer/filing/0001193125-26-276740.json
- Plain text: https://secwatch.observer/filing/0001193125-26-276740.txt

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