8-K/AAmended current reportAmended
Unregistered equity sales
✓ VerifiedVirgin Galactic closed its convertible exchange: $52,479,000 of 2027 notes plus accrued interest converted into 17,350,341 shares and pre-funded warrants, leaving $17.9 million of the notes outstanding.
Filed Jun 29, 2026 · 16:16 ET
Summary
- The exchange closed June 29, 2026 as previously disclosed.
- $52,479,000 of principal plus accrued interest was exchanged for 17,350,341 shares plus pre-funded warrants with a nominal $0.0001 exercise price.
- The outstanding 2027 notes fall approximately 75%, from $70.4 million to $17.9 million.
Key facts
- Principal exchanged
- $52,479,000
From the filing for Principal exchanged
“$52,479,000 in aggregate principal amount of the 2027 Notes plus accrued interest were exchanged for an aggregate of 17,350,341 shares”
Why it mattersThe 2027 maturity wall is now a fraction of its former size, at the cost of meaningful dilution.
- Filed
- Jun 29, 2026
- Accepted
- 2026-06-29 20:16Z
- Period
- Jun 22, 2026
- Accession no.
- 0001706946-26-000115
- Size
- 144 KB
- Index
- Filing index