Virgin Galactic Holdings May Offer Sell Shares Of Common Stock Having Offering Price Of Up To $400M From Time To Time
Portfolio Pulse from Benzinga Newsdesk
Virgin Galactic Holdings plans to offer shares of common stock with an offering price of up to $400 million from time to time.

June 22, 2023 | 8:46 pm
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Virgin Galactic Holdings (SPCE) may sell shares of common stock with an offering price of up to $400 million, potentially impacting its stock price.
The announcement of Virgin Galactic's intention to sell shares of common stock with an offering price of up to $400 million may lead to a short-term negative impact on its stock price. This is because the issuance of new shares can dilute existing shareholders' ownership and potentially lower the stock price.
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