secwatch / observer

Virgin Galactic Holdings, Inc — fact timeline

Source-grounded facts extracted from Virgin Galactic Holdings, Inc's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SPCE Virgin Galactic Holdings, Inc JSON
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Advisory vote to approve the frequency of future advisory votes on the compensation of the Company’s named executive officers at the 2026-06-11 meeting.

“Proposal 5 – An advisory (non-binding) vote to approve the frequency of future advisory votes on the compensation of the Company’s named executive officers. ONE YEAR TWO YEARS THREE YEARS ABSTAINED BROKER NON-VOTES 10,161,566 382,155 461,090 228,478 33,317,789”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Approval of the Fourth Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan at the 2026-06-11 meeting.

“Proposal 4 – Approval of the Fourth Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan. FOR AGAINST ABSTAINED BROKER NON-VOTES 9,270,078 1,757,066 206,149 33,317,785”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Advisory approval of the compensation of the Company’s named executive officers at the 2026-06-11 meeting.

“Proposal 3 – Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers. FOR AGAINST ABSTAINED BROKER NON-VOTES 7,369,092 3,620,695 243,503 33,317,788”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-06-11 meeting.

“Proposal 2 – Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026. FOR AGAINST ABSTAINED BROKER NON-VOTES 43,076,193 1,268,348 206,537 -”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Election of Directors at the 2026-06-11 meeting.

“Proposal 1 – Election of directors to hold office until the Company’s annual meeting of stockholders to be held in 2027 and until their respective successors have been duly elected and qualified, or until their earlier death, resignation or removal. NAME OF DIRECTOR FOR WITHHELD BROKER NON-VOTES Raymond Mabus, Jr. 10,547,129 686,169 33,317,780 Michael Colglazier 10,435,294 798,004 33,317,780 Henio Arcangeli, Jr. 9,752,087 1,481,211 33,317,780 Allison Belzberg 10,469,742 763,557 33,317,779 Tina Jonas 10,529,459 703,840 33,317,779 Craig Kreeger 9,794,137 1,439,161 33,317,780 Wanda Sigur 10,553,397 679,902 33,317,779 Diana Strandberg 8,968,272 2,265,027 33,317,779 W. Gilbert West 10,391,933 841,365 33,317,780”
Equity Issuances

Virgin Galactic Holdings, Inc issued 6,734,960 shares of common stock to holders of the First Lien Notes that were redeemed for $30,524,000 in principal amount of the First Lien Notes.

“On June 10, 2026, the Company successfully redeemed $30,524,000 in principal amount of the First Lien Notes by issuing 6,734,960 shares (the “Shares”) of the Company’s common stock to holders of the First Lien Notes that were redeemed.”
Earnings Releases

Virgin Galactic Holdings, Inc reported financial results for fiscal quarter ended March 31, 2026.

“On May 14, 2026, Virgin Galactic Holdings, Inc. (the "Company") issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2026.”
Material Agreements

Virgin Galactic Holdings, Inc amended Supplemental Indenture with Wilmington Savings Fund Society, FSB (effective 2026-04-24).

“On April 24, 2026, Virgin Galactic Holdings, Inc. (the “Company”) entered into a supplemental indenture (the “Supplemental Indenture”), by and among the Company, the subsidiary guarantors party thereto and Wilmington Savings Fund Society, FSB, as trustee and notes collateral agent for the Company’s existing 9.80% First Lien Notes due 2028 (the "First Lien Notes"), which amends the provisions of the indenture, dated December 18, 2025 (the “Indenture”), by and among the Company, the subsidiary guarantors thereto and Wilmington Savings Fund Society, FSB, as the trustee and the notes collateral agent.”
Earnings Releases

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2025 results: revenue Revenue of $0.3 million, net income Net loss of $63 million.

“Quarter 2025 Financial Highlights • Cash position remains strong, with cash, cash equivalents and marketable securities of $338 million as of December 31, 2025. • Revenue of $0.3 million, compared to $0.4 million in the fourth quarter of 2024, attributable to access fees related to future astronauts. • GAAP total operating expenses of $61 million, compared to $82”
Material Agreements

Virgin Galactic Holdings, Inc entered into Registration Rights Agreement with certain investors (effective 2025-12-18).

“In connection with the issuance of the Purchase Warrants and the New Notes, the Company entered into a registration rights agreement, dated December 18, 2025 (the “Registration Rights Agreement”), with certain investors and with customary terms”
Material Agreements

Virgin Galactic Holdings, Inc entered into New Notes Indenture with Wilmington Savings Fund Society, FSB, as trustee and notes collateral agent valued at approximately $212.5 million aggregate principal amount (effective 2025-12-18).

“On December 18, 2025, the Company completed the closing of the sale for the New Notes pursuant to an indenture (the “New Notes Indenture”), by and among the Company, the Subsidiary Guarantors (as defined below) party thereto and Wilmington Savings Fund Society, FSB, as trustee and notes collateral agent.”
Equity Issuances

Virgin Galactic Holdings, Inc issued approximately 31.7 million shares of its Common Stock of warrant to certain investors.

“warrants to purchase approximately 31.7 million shares of its Common Stock (the “Purchase Warrants”) (which includes a number of additional Purchase Warrants pursuant to adjustments under the Subscription Agreements), with an exercise price equal to $6.696”
Equity Issuances

Virgin Galactic Holdings, Inc issued convertible note to certain investors for approximately $212.5 million aggregate principal amount.

“the Company issued and sold for cash, in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), (i) approximately $212.5 million aggregate principal amount of a new series of its 9.80% First Lien Notes due 2028 (the “New Notes”) (which includes approximately $9.9 million aggregate principal amount of additional New Notes pursuant to adjustments under the Subscription Agreements) and (ii) warrants to purchase approximately 31.7 million shares of its Common Stock (the “Purchase Warrants”)”
Debt Financings

Virgin Galactic Holdings, Inc incurred senior notes of $212.5 million with Wilmington Savings Fund Society, FSB at 9.80% maturing December 31, 2028.

“the Company issued and sold for cash, in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), (i) approximately $212.5 million aggregate principal amount of a new series of its 9.80% First Lien Notes due 2028 (the “New Notes”)”
Material Agreements

Virgin Galactic Holdings, Inc entered into New Notes Indenture with Wilmington Savings Fund Society, FSB valued at approximately $202.6 million aggregate principal amount of a new series of its 9.80% First Lien Note (effective 2025-12-09).

“The New Notes and related guarantees will be issued pursuant to the terms of an indenture, by and among the Company, the subsidiary guarantors party thereto and Wilmington Savings Fund Society, FSB, as trustee and collateral agent (the “New Notes Indenture”).”
Material Agreements

Virgin Galactic Holdings, Inc entered into subscription agreements with certain investors (effective 2025-12-09).

“Concurrently with entering into the Repurchase Agreements, the Company entered into separate, privately negotiated subscription agreements with certain investors (the “Subscription Agreements”) pursuant to which it will issue and sell for cash, in a registered direct offering, an aggregate of approximately $45.6 million of (i) shares (the “Shares”) of its common stock, par value $0.0001 per share ( “Common Stock”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase shares of its Common Stock (collectively, the “Registered Offering”).”
Material Agreements

Virgin Galactic Holdings, Inc entered into subscription agreements with certain investors (effective 2025-12-09).

“On December 9, 2025, Virgin Galactic Holdings, Inc. (the “Company”) entered into separate, privately negotiated repurchase agreements (the “Repurchase Agreements”) with a limited number of holders of its 2.50% convertible senior notes due 2027 (the “Existing Convertible Notes”), whereby the Company will repurchase approximately $354.6 million in aggregate principal amount of its Existing Convertible Notes (the “Repurchases”) with cash proceeds from the Registered Offering (as defined below) and the Private Placement (as defined below).”
Equity Issuances

Virgin Galactic Holdings, Inc issued warrants to purchase an aggregate of up to approximately 30.3 million of shares of Common Stock, exercisable from six months from the date of issue until five y of warrant to certain investors for cash.

“the Company will issue and sell for cash, in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), (i) approximately $202.6 million aggregate principal amount of a new series of its 9.80% First Lien Notes due 2028 (the “New Notes”) (subject to adjustment described below) and (ii) warrants, exercisable from six months from the date of issue until five years from the date of issue, to purchase an aggregate of up to approximately 30.3 million of shares of Common Stock (the “Purchase Warrants”) (subject to adjustment described below), at an exercise price equal to 155% of the purchase price of the Shares as discussed above (collectively, the “Private Placement””
Equity Issuances

Virgin Galactic Holdings, Inc issued pre-funded warrants to purchase shares of common stock of warrant to certain investors for cash.

“the Company entered into separate, privately negotiated subscription agreements with certain investors (the “Subscription Agreements”) pursuant to which it will issue and sell for cash, in a registered direct offering, an aggregate of approximately $45.6 million of (i) shares (the “Shares”) of its common stock, par value $0.0001 per share ( “Common Stock”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase shares of its Common Stock (collectively, the “Registered Offering”).”
Equity Issuances

Virgin Galactic Holdings, Inc issued shares of common stock, par value $0.0001 per share of common stock to certain investors for cash.

“the Company entered into separate, privately negotiated subscription agreements with certain investors (the “Subscription Agreements”) pursuant to which it will issue and sell for cash, in a registered direct offering, an aggregate of approximately $45.6 million of (i) shares (the “Shares”) of its common stock, par value $0.0001 per share ( “Common Stock”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase shares of its Common Stock (collectively, the “Registered Offering”).”
Governance Changes

Virgin Galactic Holdings, Inc: Approved and adopted amendments to the Amended and Restated By-Laws, including changes to voting standard, universal proxy rules, procedural mechanics for stockholder nominations, proxy card color, exclusive forum, and other modernizing, clarifying, conforming, and additional changes (effective 2025-08-28).

“On and effective August 28, 2025, the Board of Directors (the “Board”) of Virgin Galactic Holdings, Inc. (the “Company”) approved and adopted amendments to the Amended and Restated By-Laws of the Company (as amended, the “Amended and Restated By-Laws”).”

Alistair Burns resigned as Senior Vice President, Chief Information Officer at Virgin Galactic Holdings, Inc.

“On October 29, 2024, Alistair Burns, Senior Vice President, Chief Information Officer of Virgin Galactic Holdings, Inc. (the “Company”), announced his plans to resign from the Company effective November 27, 2024.”
Earnings Releases

Virgin Galactic Holdings, Inc reported financial results for first quarter ended March 31, 2024.

“On May 7, 2024, Virgin Galactic Holdings, Inc. (the “Company”) issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2024.”
Governance Changes

Virgin Galactic Holdings, Inc: Amended and restated bylaws to reduce stockholder meeting quorum requirement from majority to one-third of outstanding capital stock (effective 2024-03-13).

“On and effective as of March 13, 2024, the Board of Directors of Virgin Galactic Holdings, Inc. (the “Company”) approved the amendment and restatement of the By-Laws of the Company (the “Amended and Restated By-Laws”) to reduce the requisite quorum at all meetings of stockholders for the transaction of business from the holders of a majority to the holders of one third (1/3) of the Company’s capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, unless otherwise required by applicable law or the Company’s certificate of incorporation.”
Earnings Releases

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $3 million, net income Net loss of $104 million.

“Quarter 2023 Financial Highlights • Cash position remains strong, with cash, cash equivalents and marketable securities of $982 million as of December 31, 2023. • Revenue of $3 million, compared to $1 million in the fourth quarter of 2022, driven by commercial spaceflights and membership fees related to future astronauts. • GAAP total operating expenses of $117”

Luigi Brambilla was elected as Director at Virgin Galactic Holdings, Inc.

“On November 9, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, and pursuant to the By-Laws, as amended, of Virgin Galactic Holdings, Inc. (the “Company”), the Company’s Board of Directors (the “Board”) elected Luigi Brambilla as a director, with an initial term expiring at the 2024 annual meeting of the Company’s stockholders.”
Earnings Releases

Virgin Galactic Holdings, Inc reported third quarter ended September 30, 2023 results: revenue $1.7 million, net income Net loss of $105 million.

“cash, cash equivalents and marketable securities of $1.1 billion as of September 30, 2023, a sequential increase of $108 million from the second quarter of 2023. • Revenue of $1.7 million, compared to $0.8 million in the third quarter of 2022, driven by commercial spaceflight and membership fees related to future astronauts. • GAAP total operating expenses of $116”
Restructurings & Charges

Virgin Galactic Holdings, Inc announced a restructuring with charges of approximately $5 million (approximately 185 employees, constituting approximately 18% of the Company’s workforce).

“The Company currently estimates that it will incur charges associated with the workforce reduction of approximately $5 million, primarily related to employee severance payments, benefits and related termination costs.”

Wanda Austin departed as director at Virgin Galactic Holdings, Inc.

“on August 24, 2023, Dr. Wanda Austin notified the Board and the Company that she is retiring from the Board, effective immediately.”

Henio R. Arcangeli, Jr. was elected as director at Virgin Galactic Holdings, Inc.

“On August 24, 2023, upon the recommendation of the Nominating and Corporate Governance Committee, and pursuant to the By-Laws, as amended, of Virgin Galactic Holdings, Inc. (the “Company”), the Company’s Board of Directors (the “Board”) elected Henio R. Arcangeli, Jr. as a director, with an initial term expiring at the 2024 annual meeting of the Company’s stockholders.”
Earnings Releases

Virgin Galactic Holdings, Inc reported second quarter ended June 30, 2023 results: revenue $2 million, net income Net loss of $134 million.

“with cash, cash equivalents and marketable securities of $980 million as of June 30, 2023, a sequential increase of $106 million from the first quarter of 2023. • Revenue of $2 million, compared to $0.4 million in the second quarter of 2022, driven by commercial spaceflight and membership fees related to future astronauts. • Net loss of $134 million, compared”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Approval of the Company’s Amended and Restated 2019 Incentive Award Plan. at the 2023-06-08 meeting.

“Proposal 4 – Approval of the Company’s Amended and Restated 2019 Incentive Award Plan. FOR AGAINST ABSTAINED BROKER NON-VOTES 62,413,974 5,184,597 738,768 77,307,837”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers. at the 2023-06-08 meeting.

“Proposal 3 – Approval, on an advisory (non-binding) basis, of the compensation of the Company’s named executive officers. FOR AGAINST ABSTAINED BROKER NON-VOTES 43,320,945 24,108,245 908,149 77,307,837”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2023. at the 2023-06-08 meeting.

“Proposal 2 – Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2023. FOR AGAINST ABSTAINED BROKER NON-VOTES 142,254,782 2,695,074 695,320 —”
Shareholder Votes

Virgin Galactic Holdings, Inc shareholders approved Election of directors to hold office until the Company’s annual meeting of stockholders to be held in 2024 and until their respective successors have been duly elected and qualified, or until their earlier death, resignation or removal. at the 2023-06-08 meeting.

“Proposal 1 – Election of directors to hold office until the Company’s annual meeting of stockholders to be held in 2024 and until their respective successors have been duly elected and qualified, or until their earlier death, resignation or removal. NAME OF DIRECTOR FOR WITHHELD BROKER NON-VOTES Michael Colglazier 66,290,894 2,046,446 77,307,837 Evan Lovell 66,148,082 2,189,258 77,307,837 Wanda Austin 62,355,136 5,982,204 77,307,837 Tina Jonas 66,206,220 2,131,120 77,307,837 Craig Kreeger 66,128,805 2,208,535 77,307,837 Raymond Mabus, Jr. 66,484,423 1,852,917 77,307,837 Wanda Sigur 66,301,287 2,036,053 77,307,837 Diana Strandberg 66,320,659 2,016,681 77,307,837 W. Gilbert West 62,694,156 5,643,184 77,307,837”
Earnings Releases

Virgin Galactic Holdings, Inc reported the first quarter ended March 31, 2023 results: net income Net loss of $159 million.

“On May 9, 2023, Virgin Galactic Holdings, Inc. (the "Company") issued a press release announcing certain financial and other results for the fiscal quarter ended March 31, 2023.”

George Mattson departed as Director at Virgin Galactic Holdings, Inc.

“each of Adam Bain and George Mattson notified the Board that he plans to retire from the Board at the end of his current term and will not stand for re-election at the Annual Meeting.”

Adam Bain departed as Director at Virgin Galactic Holdings, Inc.

“each of Adam Bain and George Mattson notified the Board that he plans to retire from the Board at the end of his current term and will not stand for re-election at the Annual Meeting.”

Evan Lovell was appointed as Chair at Virgin Galactic Holdings, Inc.

“Evan Lovell was appointed to serve as Chair of the Company’s Board”

Diana S. Strandberg was elected as Director at Virgin Galactic Holdings, Inc.

“elected Raymond E. Mabus, Jr. and Diana S. Strandberg as directors to fill the vacancies on the Board.”

Raymond E. Mabus, Jr. was appointed as Lead Independent Director at Virgin Galactic Holdings, Inc.

“Mr. Mabus was appointed to serve as the Company’s Lead Independent Director.”

Raymond E. Mabus, Jr. was elected as Director at Virgin Galactic Holdings, Inc.

“elected Raymond E. Mabus, Jr. and Diana S. Strandberg as directors to fill the vacancies on the Board.”
Auditor Changes

Virgin Galactic Holdings, Inc dismissed KPMG LLP as its auditor.

“On March 2, 2023, the Committee dismissed KPMG LLP ("KPMG") as the Company's independent registered public accounting firm, effective immediately.”
Auditor Changes

Virgin Galactic Holdings, Inc engaged Ernst & Young LLP as its auditor.

“On March 2, 2023, the Audit Committee (the "Committee") of the Board of Directors of Virgin Galactic Holdings, Inc. (the "Company") approved the engagement of Ernst & Young LLP ("E&Y") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.”
Earnings Releases

Virgin Galactic Holdings, Inc reported the fourth quarter and full year ended December 31, 2022 results: net income Net loss of $151 million.

“Virgin Galactic Announces Fourth Quarter and Full Year 2022 Financial Results and Provides Business Update”

Swami Iyer departed as President of Aerospace Systems at Virgin Galactic Holdings, Inc.

“On January 12, 2023, Virgin Galactic Holdings, Inc. (the “Company”) announced that, effective January 12, 2023, Swami Iyer departed from his position as President of Aerospace Systems, in connection with an internal reorganization.”
Earnings Releases

Virgin Galactic Holdings, Inc reported the third quarter ended September 30, 2022 results: net income Net loss of $146 million.

“Virgin Galactic Announces Third Quarter 2022 Financial Results And Provides Business Update”

Michelle Kley resigned as Executive Vice President, Chief Legal Officer and Secretary at Virgin Galactic Holdings, Inc.

“On July 5, 2022, Michelle Kley, the Company’s Executive Vice President, Chief Legal Officer and Secretary, resigned from the Company effective July 19, 2022.”

Evan Lovell was appointed as Interim Chairperson of the Board at Virgin Galactic Holdings, Inc.

“Current Board member Evan Lovell has been appointed to serve as Interim Chairperson of the Board until a permanent Chairperson has been identified and appointed.”

Chamath Palihapitiya resigned as Chairperson of the Board at Virgin Galactic Holdings, Inc.

“On February 17, 2022, Chamath Palihapitiya notified the Board of Directors (the “Board”) of Virgin Galactic Holdings, Inc. (the “Company”) of his decision to resign, effective immediately, from his position as Chairperson of the Board and a member of the Board.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.