{"schema_version":"secwatch.filing_event.v1","accession":"0001706946-26-000115","form_type":"8-K/A","ticker":"SPCE","cik":"0001706946","company_name":"Virgin Galactic Holdings, Inc","filed_at":"2026-06-29T20:16:17+00:00","discovered_at":"2026-06-29T20:17:00.308860+00:00","generated_at":"2026-06-29T20:17:13.323613+00:00","sec_items":["3.02"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Virgin Galactic closes exchange of $52.5M convertible notes for 17.35M shares, reducing notes by 75%","bullets":["Closed exchange of $52,479,000 principal of 2.50% Convertible Notes due 2027 for 17,350,341 shares and pre-funded warrants.","Outstanding 2027 Notes reduced by ~75% from $70.4M to $17.9M aggregate principal.","Exchange aims to improve liquidity, manage cash, and strengthen balance sheet ahead of Q4 2026 commercial operations.","Pre-funded warrants issued with nominal exercise price of $0.0001, economically equivalent to common shares.","Shares issued under Section 4(a)(2) exemption to qualified institutional buyers and accredited investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001706946-26-000115","json":"https://secwatch.observer/filing/0001706946-26-000115.json","markdown":"https://secwatch.observer/filing/0001706946-26-000115.md","text":"https://secwatch.observer/filing/0001706946-26-000115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706946/000170694626000115/0001706946-26-000115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706946/000170694626000115/spce-20260622.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T20:17:13.323613+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"}