On June 12, 2024, Virgin Galactic Holdings, Inc. conducted its Annual Meeting of Stockholders where several key decisions were made. The stockholders approved the Second Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan, which increases the number of shares available for issuance and extends the right to grant awards through June 12, 2034. Additionally, a reverse stock split was authorized, with the Board of Directors subsequently setting the ratio at 1-for-20. The reverse stock split was effected on June 14, 2024, with trading on the NYSE to commence on a split-adjusted basis on June 17, 2024, under the ticker symbol 'SPCE'. The split aims to reclassify every 20 shares of existing common stock into one new share, with proportional adjustments to outstanding equity awards and exercise prices. No fractional shares will be issued; instead, shareholders will receive a cash payment for fractions based on the closing sales price on June 14, 2024. The reverse stock split does not affect the number of authorized shares or the par value of the common stock.

On June 12, 2024, Virgin Galactic Holdings, Inc. conducted its Annual Meeting of Stockholders where several key decisions were made. The stockholders approved the Second Amended and Restated Virgin Galactic Holdings, Inc. 2019 Incentive Award Plan, which increases the number of shares available for issuance and extends the right to grant awards through June 12, 2034. Additionally, a reverse stock split was authorized, with the Board of Directors subsequently setting the ratio at 1-for-20. The reverse stock split was effected on June 14, 2024, with trading on the NYSE to commence on a split-adjusted basis on June 17, 2024, under the ticker symbol 'SPCE'. The split aims to reclassify every 20 shares of existing common stock into one new share, with proportional adjustments to outstanding equity awards and exercise prices. No fractional shares will be issued; instead, shareholders will receive a cash payment for fractions based on the closing sales price on June 14, 2024. The reverse stock split does not affect the number of authorized shares or the par value of the common stock.