Virgin Galactic Holdings, Inc. has entered into a Sales Agreement with Jefferies LLC on November 6, 2024, to offer and sell up to $300 million of its common stock. The sales will be conducted through various methods, including brokers' transactions, market makers, and direct sales, with Jefferies LLC acting either as a sales agent or principal. The agreement allows for a commission of up to 3.0% of the gross sales price per share sold through Jefferies LLC. Additionally, the company may sell shares directly to Jefferies LLC as principal, potentially at a higher commission rate. The proceeds from the sale are intended to accelerate the development of Virgin Galactic's next-generation spaceflight fleet and for general corporate purposes. This new agreement follows the termination of a previous distribution agency agreement with Credit Suisse Securities, Morgan Stanley & Co., and Goldman Sachs & Co., which had facilitated the sale of 12.8 million shares for $396.2 million in gross proceeds.

Virgin Galactic Holdings, Inc. has entered into a Sales Agreement with Jefferies LLC on November 6, 2024, to offer and sell up to $300 million of its common stock. The sales will be conducted through various methods, including brokers' transactions, market makers, and direct sales, with Jefferies LLC acting either as a sales agent or principal. The agreement allows for a commission of up to 3.0% of the gross sales price per share sold through Jefferies LLC. Additionally, the company may sell shares directly to Jefferies LLC as principal, potentially at a higher commission rate. The proceeds from the sale are intended to accelerate the development of Virgin Galactic's next-generation spaceflight fleet and for general corporate purposes. This new agreement follows the termination of a previous distribution agency agreement with Credit Suisse Securities, Morgan Stanley & Co., and Goldman Sachs & Co., which had facilitated the sale of 12.8 million shares for $396.2 million in gross proceeds.