{"url_path":"/sec/spce/8-k/2026-06-29/item-3-02","section_key":"item-3-02","section_title":"Item 3.02 Unregistered Sales of Equity Securities.","topic":"sec","document":{"doc_type":"8-K/A","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1706946/0001706946-26-000115-index.html","accession_number":"0001706946-26-000115","cik":"0001706946","ticker":"SPCE","issuer_name":"Virgin Galactic Holdings, Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1706946/0001706946-26-000115-index.html","primary_entity_key":"0001706946","primary_entity_name":"Virgin Galactic Holdings, Inc"},"word_count":533,"has_tables":true,"body_markdown":"Item 3.02.\n\nUnregistered Sales of Equity Securities.\n\nOn June 29, 2026, the Company successfully closed the privately negotiated exchange transaction (the “Exchange”) previously disclosed in the Original 8-K with a holder of its 2.50% Convertible Senior Notes due 2027 (the “2027 Notes”). The Company entered into the Exchange to improve liquidity, manage its cash position and strengthen its balance sheet as it prepares for commercial operation in the fourth quarter of 2026.\n\nIn the Exchange, $52,479,000 in aggregate principal amount of the 2027 Notes plus accrued interest were exchanged for an aggregate of 17,350,341 shares (the “Shares”) of the Company’s common stock and pre-funded warrants. The holder of the 2027 Notes agreed to accept the Shares in lieu of the cash payment obligation that they otherwise would be entitled to receive for the principal and interest under the 2027 Notes. The pre-funded warrants, which have a nominal exercise price of $0.0001 per share, were issued in lieu of shares of the Company’s common stock in the Exchange solely for the holder to manage its beneficial ownership, and are intended to be economically equivalent to the shares of common stock.\n\nWith the completion of the Exchange, the Company has reduced the outstanding 2027 Notes by approximately 75%, from $70.4 million to $17.9 million in aggregate principal amount outstanding.\n\nThe issuance of the Shares by the Company is being made in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(a)(2) of the Securities Act. The Shares will be issued only to investors that qualify as “qualified institutional buyers” (as such term is defined in Rule 144A of the Securities Act) and institutional “accredited investors” (as such term is defined in Rule 501 of Regulation D under the Securities Act). The Shares have not been registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and such other jurisdictions.\n\n***\n\nForward Looking Statements\n\nThis Current Report on Form 8-K/A contains forward-looking statements, including, without limitation, statements relating to the timing of commercial operations. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. The Company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this report, and the Company undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.\n\nSIGNATURES\n\nPursuant 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.\n\n \nVIRGIN GALACTIC HOLDINGS, INC.\n\nDate: June 29, 2026 By:/s/ Douglas Ahrens\n\n Name:Douglas Ahrens\n\n Title:Chief Financial Officer and Treasurer"}