Virgin Galactic has successfully regained compliance with NYSE listing standards, as confirmed by a letter received from the exchange on July 1, 2024. The company had previously fallen below the NYSE's minimum requirement of maintaining a $1.00 average closing share price over 30 consecutive trading days, as notified on May 29, 2024.To address this issue, Virgin Galactic implemented a 1-for-20 reverse stock split on June 14, 2024, with split-adjusted trading commencing on June 17, 2024. As a result of these actions, the company now meets all NYSE continued listing requirements, ensuring its continued presence on the major exchange.

Virgin Galactic has successfully regained compliance with NYSE listing standards, as confirmed by a letter received from the exchange on July 1, 2024. The company had previously fallen below the NYSE's minimum requirement of maintaining a $1.00 average closing share price over 30 consecutive trading days, as notified on May 29, 2024.To address this issue, Virgin Galactic implemented a 1-for-20 reverse stock split on June 14, 2024, with split-adjusted trading commencing on June 17, 2024. As a result of these actions, the company now meets all NYSE continued listing requirements, ensuring its continued presence on the major exchange.