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Stock impact report

Virgin Galactic Announces At-The-Market Equity Program [Yahoo! Finance]

Virgin Galactic Holdings, Inc. (SPCE) 
Company Research Source: Yahoo! Finance
ORANGE COUNTY, Calif., November 07, 2024 BUSINESS WIRE )--Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or the "Company") today announced that it has entered into a sales agreement under which it may offer and sell shares of its common stock (the "Shares") having an aggregate offering price of up to $300 million from time to time pursuant to an "at the market" program (the "ATM Program"). The Company intends to use the net proceeds from any sales of its common stock under the ATM Program to further accelerate the development and production of its next-generation spaceflight fleet, including an additional mothership and third and fourth Delta Class spaceships. The Company may also use a portion of any net proceeds for general corporate purposes, including working capital and general and administrative matters. Any sales under the ATM Program will be through Jefferies LLC, as sales agent, by any method permitted by law deemed to be an "at the market offering" as de Show less Read more
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