IPO - Virgin Galactic Holdings, Inc

Form Type: 424B5

Filing Date: 2025-05-15

Corporate Action: Ipo

Type: New

Accession Number: 000110465925049616

Filing Summary: Virgin Galactic Holdings, Inc. has entered into an Open Market Sale Agreement with Jefferies LLC to offer and sell shares of common stock with an aggregate offering price of up to $300,000,000. From November 6, 2024, through the date of this prospectus supplement, 12,629,954 shares have been sold, generating approximately $64.1 million in gross proceeds. The shares will be sold at market prices, and Jefferies will act as the sales agent, earning a commission of up to 3.0% on sales. Proceeds from the offering will be used to accelerate the development of the next-generation spaceflight fleet and for corporate purposes including working capital. The common stock is listed on the NYSE under the symbol 'SPCE', with a last reported sale price of $3.55 per share on May 14, 2025. Investors are cautioned about the risks involved in investing, and they should review the risk factors outlined in the document and its accompanying prospectus before making investment decisions.