---
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"
generated_at: "2026-06-29T20:17:13.323613+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Virgin Galactic closes exchange of $52.5M convertible notes for 17.35M shares, reducing notes by 75%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706946-26-000115
- JSON: https://secwatch.observer/filing/0001706946-26-000115.json
- Plain text: https://secwatch.observer/filing/0001706946-26-000115.txt

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