Virgin Galactic Files 8-K with Financials

TL;DR

SPCE filed an 8-K, mostly financials. No major news.

AI Summary

Virgin Galactic Holdings, Inc. filed an 8-K on November 7, 2024, reporting on events that occurred on November 4, 2024. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.

Why It Matters

This filing indicates routine corporate reporting, likely containing updated financial information or exhibits for regulatory purposes, which is standard for publicly traded companies.

Risk Assessment

Risk Level: low — The filing appears to be routine and does not disclose any new material risks or significant negative events.

Key Players & Entities

• Virgin Galactic Holdings, Inc. (company) — Registrant
• 0001706946-24-000249 (filing_id) — Accession Number
• November 4, 2024 (date) — Earliest event reported
• November 7, 2024 (date) — Filing date
• 1700 Flight Way Tustin, California 92782 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value per share SPCE New York Stock
• $300,000,000 — oviding for the offer and sale of up to $300,000,000 of shares of the Company's common stock
• $400 million — uance and sale of up to an aggregate of $400 million of shares of the Company's common stock
• $396.2 million — 12.8 million shares of common stock for $396.2 million of gross proceeds under the Distributio

Filing Documents

• spce-20241104.htm (8-K) — 39KB
• spce-salesagreement1111x06.htm (EX-1.1) — 241KB
• spce-atm8xk51opinion.htm (EX-5.1) — 22KB
• lathamandwatkinslogo.jpg (GRAPHIC) — 76KB
• 0001706946-24-000249.txt ( ) — 582KB
• spce-20241104.xsd (EX-101.SCH) — 2KB
• spce-20241104_lab.xml (EX-101.LAB) — 21KB
• spce-20241104_pre.xml (EX-101.PRE) — 12KB
• spce-20241104_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On November 6, 2024, Virgin Galactic Holdings, Inc. (the "Company") entered into an Open Market Sale Agreement SM (the "Sales Agreement") with Jefferies LLC (the "Agent") providing for the offer and sale of up to $300,000,000 of shares of the Company's common stock, par value $0.0001 per share, from time to time by the Company through the Agent, acting as the Company's sales agent, or directly to the Agent, acting as principal. Sales of shares of the Company's common stock, if any, as contemplated by the Sales Agreement, made through the Agent acting as sales agent or directly to the Agent acting as principal, will be made by any method permitted by law, including without limitation (i) by means of ordinary brokers' transactions (whether or not solicited), (ii) to or through a market maker, (iii) directly on or through any national securities exchange or facility thereof, a trading facility of a national securities association, an alternative trading system or any other market venue, (iv) in the over-the-counter market, (v) in privately negotiated transactions or (vi) through a combination of any such methods. The Agent is not required to sell any specific number or dollar amount of shares of the Company's common stock, but has agreed, subject to the terms and conditions of the Sales Agreement, to use its commercially reasonable efforts, consistent with its normal sales and trading practices, to sell the shares of the Company's common stock on the terms agreed upon by the Agent and the Company. The Sales Agreement provides that the Agent will be entitled to a commission in the amount of up to 3.0% of the gross sales price per share of all Shares sold through the Agent under the Sales Agreement. Under the terms of the Sales Agreement, the Company may also sell shares of its common stock to the Agent, as principal, at a price agreed upon at the time of sale. In any such sale to the Agent as principal, the Company may agree to pay the

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Open Market Sale Agreement, dated November 6, 2024, by and among the Company and Jefferies LLC. 5.1 Opinion of Latham & Watkins LLP. 23.1 Consent of Latham & Watkins LLP (contained in the opinion filed as Exhibit 5.1 hereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Virgin Galactic Holdings, Inc. Date: November 7, 2024 By: /s/ Douglas Ahrens Name: Douglas Ahrens Title: Chief Financial Officer and Treasurer