other material
confidence high
sentiment neutral
materiality 0.70
Virgin Galactic establishes at-the-market equity offering program for up to $300M
Virgin Galactic Holdings, Inc
- Up to $300M of common stock may be sold through Agents in ATM offerings.
- Agents include Credit Suisse, Morgan Stanley, and Goldman Sachs with commission up to 2%.
- Proceeds will fund working capital, general corporate purposes, and development of spaceship fleet.
- Company may also sell shares directly to Agents as principal under separate Terms Agreements.
- Sales may occur on exchanges, OTC, or in negotiated transactions, with no minimum required.