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Virgin Galactic | 8-K: Virgin Galactic Announces Reverse Stock Split at 1-for-20 Ratio

Virgin Galactic | 8-K: Virgin Galactic Announces Reverse Stock Split at 1-for-20 Ratio

维珍银河 | 8-K：维珍银河宣布以1比20比例进行反向股票分割
美股SEC公告 ·  2024/06/13 04:43

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Virgin Galactic announced its board has approved a 1-for-20 reverse stock split, scheduled to take effect on June 14, 2024, after NYSE trading closes. The company's common stock will begin trading on a split-adjusted basis on June 17, 2024, under the existing symbol "SPCE". The primary objective is to increase the per share market price to meet NYSE's minimum bid price requirement for continued listing.Under the reverse split, every 20 shares of common stock will be automatically reclassified into one share. The split will not affect the number of authorized shares or par value. Stockholders entitled to fractional shares will receive cash payments based on the closing price on June 14, 2024. Continental Stock Transfer & Trust will serve as the exchange agent.The reverse split was approved by stockholders at the annual meeting on June 12, 2024. Proportionate adjustments will be made to exercise prices and share numbers for outstanding equity awards and incentive plans. Stockholders holding shares electronically or through brokers need not take action, as positions will be automatically adjusted.
Virgin Galactic announced its board has approved a 1-for-20 reverse stock split, scheduled to take effect on June 14, 2024, after NYSE trading closes. The company's common stock will begin trading on a split-adjusted basis on June 17, 2024, under the existing symbol "SPCE". The primary objective is to increase the per share market price to meet NYSE's minimum bid price requirement for continued listing.Under the reverse split, every 20 shares of common stock will be automatically reclassified into one share. The split will not affect the number of authorized shares or par value. Stockholders entitled to fractional shares will receive cash payments based on the closing price on June 14, 2024. Continental Stock Transfer & Trust will serve as the exchange agent.The reverse split was approved by stockholders at the annual meeting on June 12, 2024. Proportionate adjustments will be made to exercise prices and share numbers for outstanding equity awards and incentive plans. Stockholders holding shares electronically or through brokers need not take action, as positions will be automatically adjusted.
2024年6月12日，维珍银河控股公司宣布董事会批准进行1比20的股票拆分，旨在增加每股市场价格以满足纽交所继续上市的最低买盘价格要求。拆分后的股票将于2024年6月14日收盘后生效，普通股自2024年6月17日开盘起按照拆分调整交易。股东将按照6月14日收盘销售价格的比例获得拆分后的碎股的现金。这一决定是在同一天的股东大会上获得批准的。维珍银河是一家专注于为个人和研究人员提供人类航天飞行服务的航天公司。这次股票拆分是该公司努力遵守纽交所上市标准的一部分，不影响已授权股份数量或普通股票的面值。
2024年6月12日，维珍银河控股公司宣布董事会批准进行1比20的股票拆分，旨在增加每股市场价格以满足纽交所继续上市的最低买盘价格要求。拆分后的股票将于2024年6月14日收盘后生效，普通股自2024年6月17日开盘起按照拆分调整交易。股东将按照6月14日收盘销售价格的比例获得拆分后的碎股的现金。这一决定是在同一天的股东大会上获得批准的。维珍银河是一家专注于为个人和研究人员提供人类航天飞行服务的航天公司。这次股票拆分是该公司努力遵守纽交所上市标准的一部分，不影响已授权股份数量或普通股票的面值。
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