Summary by Moomoo AI
Virgin Galactic Holdings, Inc. has entered into an Open Market Sale Agreement with Jefferies LLC, dated November 6, 2024, for the sale of up to $300 million of common stock. The common stock is listed on the NYSE under the symbol 'SPCE'. The sales agreement allows Virgin Galactic to offer and sell its common stock through Jefferies, acting as an agent or principal. Sales will be made in 'at the market offerings', as defined by Rule 415 under the Securities Act of 1933, as amended. Jefferies will receive up to a 3.0% commission on the gross sales price per share sold. The funds raised may be used to accelerate the development and production of Virgin Galactic's next-generation spaceflight fleet and for general corporate purposes. The last reported sale price of Virgin Galactic's common stock was $6.88 per share on November 5, 2024.