---
schema_version: "secwatch.filing_event.v1"
accession: "0001706946-26-000074"
form_type: "8-K"
ticker: "SPCE"
cik: "0001706946"
company_name: "Virgin Galactic Holdings, Inc"
filed_at: "2026-05-18T20:10:42+00:00"
generated_at: "2026-05-18T20:12:37.876106+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic redeems $10M of 9.8% notes by issuing 3.77M shares; $202.5M remain

## Summary
- Redeemed $10M of 9.80% First Lien Notes due 2028 on May 18, 2026 via issuance of 3,768,536 common shares.
- Share count determined by 10-day VWAP as per Indenture; implied price ~$2.65/share.
- Remaining principal of First Lien Notes approximately $202.5M after the partial redemption.
- Part of capital management to reduce cash interest obligations ahead of Q4 2026 commercial ops.
- Shares issued in reliance on Section 4(a)(2) exemption from registration.

## SEC filing metadata
- accession: 0001706946-26-000074
- form_type: 8-K
- ticker: SPCE
- cik: 0001706946
- company_name: Virgin Galactic Holdings, Inc
- filed_at: 2026-05-18T20:10:42+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000074/0001706946-26-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706946/000170694626000074/spce-20260518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-26-000074
- JSON: https://secwatch.observer/filing/0001706946-26-000074.json
- Plain text: https://secwatch.observer/filing/0001706946-26-000074.txt

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