regulatory
confidence high
sentiment positive
materiality 0.60
Virgin Galactic regains NYSE compliance after 1-for-20 reverse stock split
Virgin Galactic Holdings, Inc
- Received NYSE letter on July 1, 2024 confirming compliance with $1.00 minimum average closing price rule.
- Completed 1-for-20 reverse stock split on June 14, 2024; split-adjusted trading began June 17, 2024.
- Previously disclosed non-compliance on May 29, 2024; now meets all NYSE continued listing standards.