Virgin Galactic Holdings, Inc. closed a privately negotiated exchange transaction on June 29, 2026, exchanging $52,479,000 in aggregate principal amount of its 2.50% Convertible Senior Notes due 2027 for 17,350,341 shares of common stock and pre-funded warrants. This transaction reduced the outstanding 2027 Notes by approximately 75%, from $70.4 million to $17.9 million. The company is preparing for commercial operations in the fourth quarter of 2026. Virgin Galactic Holdings, Inc. operates in the aerospace industry and provides commercial spaceflight services.
