Virgin Galactic Holdings, Inc (SPCE): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 08:39 ET
- Event date
- 2026-11-13
- Accession no.
- 0001193125-26-459413
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
Virgin Galactic agrees to exchange notes for shares and amends first lien note indenture
Virgin Galactic agreed to exchange approximately $12.5 million in principal of its 2.50% Convertible Senior Notes due 2027 for common shares. It also amended its first lien note indenture to permit certain asset sales without triggering its proceeds-redemption requirement, subject to a separate redemption commitment for qualifying sales.
- The exchange would reduce outstanding 2027 Notes by approximately 69.7%, from $17.9 million to $5.4 million.
- The exchange is expected to close on or about November 19, 2026, subject to customary closing conditions.
- The share count will be determined over a two-day observation period beginning on November 17, 2026.
- For covered asset sales by July 30, 2027, the company agreed to redeem notes equal to 80% of net cash proceeds above $5 million.
debtequity offering
Items reported
- Item 3.02: Unregistered Sales of Equity Securities
The company sold equity securities in a transaction not registered under the Securities Act, such as a private placement, above a size threshold. - Item 8.01: Other Events
A voluntary disclosure of an event the company considers important to security holders that no other Item covers, such as a dividend declaration, a buyback program, litigation updates or product news.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | 8-K | d112611d8k.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.