Virgin Galactic agrees to exchange $12.5 million in convertible notes for shares

• Virgin Galactic on November 13, 2026, agreed to exchange approximately $12.5 million of 2.50% Convertible Senior Notes due 2027 for unregistered shares.
• The exchange will reduce outstanding 2027 Notes by approximately 69.7%, from $17.9 million to $5.4 million.
• Closing is expected around November 19, 2026; share count depends on a two-day VWAP observation period starting November 17, 2026.
• Daily VWAP is subject to an 85% floor and 115% cap relative to the stock’s November 16, 2026, closing price.
• Shares will replace cash payments for principal and accrued interest to, but excluding, February 1, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virgin Galactic Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-459413), on November 13, 2026, and is solely responsible for the information contained therein.