{"filing":{"accession_number":"0001193125-26-276740","cik":"0001706946","ticker":"SPCE","company_name":"Virgin Galactic Holdings, Inc","form":"8-K","filing_date":"2026-06-22","report_date":null,"primary_document":"d106173d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1706946/000119312526276740/d106173d8k.htm"},"events":[{"id":12624,"run_id":11197,"accession_number":"0001193125-26-276740","anchor_item_number":"3.02","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Virgin Galactic is issuing shares of common stock and pre-funded warrants in exchange for approximately $52.5 million in principal amount of convertible notes. This is an unregistered equity issuance relying on Section 4(a)(2) of the Securities Act, issued to qualified institutional buyers and accredited investors. The transaction is material as it reduces debt by 75% while diluting existing shareholders through the issuance of new equity securities, and the company explicitly states the purpose is to \"improve liquidity, manage its cash position and strengthen its balance sheet\" ahead of commercial operations.","company_name":"Virgin Galactic Holdings, Inc","ticker":"SPCE","filing_date":"2026-06-22","form":"8-K","submitted_at":null,"items":[{"id":9529,"accession_number":"0001193125-26-276740","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Virgin Galactic is issuing shares of common stock and pre-funded warrants in exchange for approximately $52.5 million in principal amount of convertible notes. This is an unregistered equity issuance relying on Section 4(a)(2) of the Securities Act, issued to qualified institutional buyers and accredited investors. The transaction is material as it reduces debt by 75% while diluting existing shareholders through the issuance of new equity securities, and the company explicitly states the purpose is to \"improve liquidity, manage its cash position and strengthen its balance sheet\" ahead of commercial operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-22T12:16:09.299358+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":9529,"accession_number":"0001193125-26-276740","item_number":"3.02","item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Virgin Galactic is issuing shares of common stock and pre-funded warrants in exchange for approximately $52.5 million in principal amount of convertible notes. This is an unregistered equity issuance relying on Section 4(a)(2) of the Securities Act, issued to qualified institutional buyers and accredited investors. The transaction is material as it reduces debt by 75% while diluting existing shareholders through the issuance of new equity securities, and the company explicitly states the purpose is to \"improve liquidity, manage its cash position and strengthen its balance sheet\" ahead of commercial operations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-22T12:16:09.299358+00:00","company_name":"Virgin Galactic Holdings, Inc","ticker":"SPCE","filing_date":"2026-06-22"}]}