Virgin Galactic announced on June 12, 2024, that stockholders approved a 1-for-20 reverse stock split, effective June 14, 2024. The split will automatically convert every 20 shares of common stock into one new share, with proportionate adjustments to outstanding equity awards and incentive plans. Trading on NYSE under symbol "SPCE" will commence on a split-adjusted basis on June 17, 2024.Stockholders also approved the Second Amended and Restated 2019 Incentive Award Plan, increasing available shares by 14 million to a total of 43,408,755 shares. The plan extends the right to grant awards through June 12, 2034, with incentive stock options available until April 18, 2034.The company will provide cash payments in lieu of fractional shares based on the closing price on June 14, 2024. The reverse split maintains the same authorized shares and par value, with the new CUSIP number 92766K 403.

Virgin Galactic announced on June 12, 2024, that stockholders approved a 1-for-20 reverse stock split, effective June 14, 2024. The split will automatically convert every 20 shares of common stock into one new share, with proportionate adjustments to outstanding equity awards and incentive plans. Trading on NYSE under symbol "SPCE" will commence on a split-adjusted basis on June 17, 2024.Stockholders also approved the Second Amended and Restated 2019 Incentive Award Plan, increasing available shares by 14 million to a total of 43,408,755 shares. The plan extends the right to grant awards through June 12, 2034, with incentive stock options available until April 18, 2034.The company will provide cash payments in lieu of fractional shares based on the closing price on June 14, 2024. The reverse split maintains the same authorized shares and par value, with the new CUSIP number 92766K 403.