Virgin Galactic Holdings Inc.
Virgin Galactic Enters New Open Market Sale Agreement
Summary
Virgin Galactic Holdings, Inc. entered into a new Open Market Sale Agreement with Jefferies LLC, providing for the offer and sale of up to $300,000,000 of the Company's common stock. This agreement replaces a previously terminated distribution agency agreement through which the Company had issued and sold shares for $396.2 million in gross proceeds.
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About Virgin Galactic Holdings Inc.
Virgin Galactic Holdings Inc. operates as an aerospace and space travel company. Its primary function is to develop commercial spacecraft and aim to provide suborbital spaceflights for private individuals and researchers. The company's notable features include its focus on pioneering human spaceflight for non-professional astronauts and offering an unparalleled experience of space viewings above Earth's atmosphere. Virgin Galactic Holdings, a part of the Virgin Group, plays a crucial role in advancing the nascent space tourism industry, seeking to make space more accessible to the general public. Headquartered in Mojave, California, the company leverages innovative space technologies, such as its spaceship Unity, to push the boundaries of private space exploration. By focusing on safety and an unforgettable customer experience, Virgin Galactic distinguishes itself in the market. As the first publicly traded commercial spaceflight company, it represents a significant milestone in the evolution of space travel and aims to create a new market sector, contributing to the broader exploration of space and scientific research.
Official SEC Documents
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