Virgin Galactic Announces Redemption of Public Warrants
Virgin Galactic Announces Redemption of Public Warrants
Press Release: Virgin Galactic Announces Redemption of Public Warrants
新聞稿：維珍銀河宣佈贖回公開認股權證
Virgin Galactic Announces Redemption of Public Warrants
維珍銀河宣佈贖回公開認股權證
MOJAVE, Calif.--(BUSINESS WIRE)--March 13, 2020--
加利福尼亞州莫哈韋--(美國商業新聞網)--2020年3月13日--
Virgin Galactic Holdings, Inc. (NYSE: SPCE; SPCE.WS; SPCE.U) ("Virgin Galactic" or "the Company"), a vertically integrated aerospace company, today announced that the Company will redeem all of its outstanding warrants (the "Public Warrants") to purchase shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), that were issued under the Warrant Agreement , dated September 13, 2017 (the "Warrant Agreement"), by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent (the "Warrant Agent"), as part of the units sold in the Company's initial public offering (the "IPO"), for a redemption price of $0.01 per Public Warrant (the "Redemption Price"), that remain outstanding at 5:00 p.m. New York City time on April 13, 2020 (the "Redemption Date"). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and still held by the initial holders thereof or their permitted transferees are not subject to this redemption.
維珍銀河控股公司(紐約證券交易所代碼：SPCE；SPCE.WS；垂直整合的航空航天公司SPCE.U)(“維珍銀河”或“本公司”)今日宣佈，本公司將贖回其所有已發行認股權證(“公開認股權證”)，以購買本公司根據日期為2017年9月13日的認股權證協議(“認股權證協議”)由本公司與大陸股票轉讓信託公司作為認股權證代理(“認股權證”)發行的每股面值0.0001美元的本公司普通股股份(“普通股”)。作為本公司首次公開發售(“首次公開發售”)出售的單位的一部分，贖回價格為每份公共認股權證0.01美元(“贖回價格”)，於下午5：00仍未贖回。紐約市時間2020年4月13日(“贖回日”)。根據認股權證協議在首次公開發售的同時以私募方式發行並仍由其初始持有人或其獲准受讓人持有的普通股認股權證不受此次贖回的約束。
Under the terms of the Warrant Agreement, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.
根據認股權證協議的條款，如果普通股的最後銷售價在截至發出贖回通知日期前第三個交易日的任何30個交易日內的每個交易日至少為每股18.00美元，則本公司有權贖回所有已發行的公共認股權證。在本公司的指示下，認股權證代理已向每位未償還認股權證的登記持有人遞交贖回通知。
In addition, in accordance with the Warrant Agreement, the Company's board of directors has elected to require that, upon delivery of the notice of redemption, all Public Warrants are to be exercised only on a "cashless basis." Accordingly, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.4927 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly, by virtue of the cashless exercise of the Public Warrants, exercising warrant holders will receive 0.5073 of a share of Common Stock for each Public Warrant surrendered for exercise. Any Public Warrants (including Public Warrants that are included in outstanding units) that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted, void and no longer exercisable, and the holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in "street name").
此外，根據認股權證協議，本公司董事會已選擇要求，在遞交贖回通知後，所有公開認股權證只能在“無現金基礎”下行使。因此，持有者不能再行使公共認股權證和獲得普通股，以換取以現金支付的每股認股權證11.50美元的行權價。相反，行使公共認股權證的持有人將被視為支付每股認股權證行使價格11.5美元，即交出該持有人在行使公共認股權證現金時有權獲得的普通股0.4927股(如下所述)。因此，由於公共認股權證的無現金行使，行使認股權證的持有人將獲得每股交出行使的公共認股權證0.5073股普通股。截至下午5：00仍未行使的任何公開認股權證(包括未償還單位中的公開認股權證)。贖回日的紐約市時間將被摘牌、無效且不再可行使，持有人將無權就該等公開認股權證行使任何權利，除非獲得贖回價格(或在贖回通知中對以“街道名稱”持有其公開認股權證的持有人另行説明)。
The number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder, multiplied by the difference between $23.34, the average last sale price of the Common Stock for the ten trading days ending on March 10, 2020, the third trading day prior to the date of the redemption notice (the "Fair Market Value") and $11.50, by (y) the Fair Market Value. If any holder of Public Warrants would, after taking into account all of such holder's Public Warrants exercised at one time, be entitled to receive a fractional interest in a share of Common Stock, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares.
每名行使認股權證持有人因無現金行使而將獲得的普通股數量(而非支付每股公開認股權證現金行使價格11.50美元)是根據認股權證協議的條款計算的，等於(X)該認股權證持有人持有的公開認股權證相關股份數目乘以(X)乘以截至2020年3月10日(前第三個交易日)的10個交易日普通股平均最後銷售價23.34美元之間的差額所得的商數。按(Y)公平市價計算。如果任何公開認股權證持有人在考慮到所有該等持有人同時行使的公開認股權證後，有權獲得普通股的零碎權益，則持有人有權獲得的股份數目將四捨五入至最接近的整數。
At 5:00 p.m. New York City time on the Redemption Date, the Company's outstanding units (the "Units") will be mandatorily separated into their component parts -- one share of Common Stock and one-third of one Public Warrant -- and the Public Warrants and Units will cease trading. As a result, at 5:00 p.m. New York City time on the Redemption Date, each Unit holder's account, in lieu of Units, will reflect ownership of the number of shares of Common Stock underlying such holder's Units.
下午5點紐約市時間在贖回日，公司的已發行單位(“單位”)將被強制分成它們的組成部分--普通股的一股和一份公共認股權證的三分之一--公共認股權證和單位將停止交易。？因此，在下午5點紐約市時間在贖回日，每個單位持有人的賬户將代替單位反映其單位所涉及的普通股數量的所有權。
Questions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, New York 10004, Attention: Compliance Department, telephone number (212) 509-4000.
有關贖回和行使公共認股權證的問題，請聯繫大陸股票轉讓和信託公司，地址：紐約道富1號，30層，郵編：10004。
No Offer or Solicitation
沒有要約或邀約
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company's securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
本新聞稿不應構成出售要約或徵求購買要約，也不應在任何司法管轄區的證券註冊或資格登記或資格認定之前，在任何司法管轄區對該公司的任何證券進行任何要約，而此類要約、招攬或出售在該司法管轄區的證券法規定下是非法的。
About Virgin Galactic Holdings
關於維珍銀河控股公司
Virgin Galactic Holdings, Inc. is a vertically integrated aerospace company, pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. Using its proprietary and reusable technologies and supported by a distinctive, Virgin-branded customer experience, it is developing a spaceflight system designed to offer customers a unique, multi-day, transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico. Virgin Galactic and The Spaceship Company believe that one of the most exciting and significant opportunities of our time lies in the commercial exploration of space and the development of technology that will change the way we travel across the globe in the future. Together we are opening access to space to change the world for good.
維珍銀河控股公司是一家垂直整合的航空航天公司，是私人和研究人員載人航天的先驅，也是先進航空和太空飛行器的製造商。利用其專有和可重複使用的技術，在獨特的維珍品牌客户體驗的支持下，該公司正在開發一種航天系統，旨在為客户提供獨特的、多天的、變革性的體驗。這在一次太空飛行中達到了高潮，包括從太空中看到地球的景色，以及將從新墨西哥州的美國太空港發射的幾分鐘失重。維珍銀河和宇宙飛船公司相信，我們這個時代最令人興奮和意義重大的機會之一在於對太空的商業探索和技術的發展，這將改變我們未來在全球旅行的方式。我們一起打開通往太空的通道，以永遠改變世界。
View source version on businesswire.com: https://www.businesswire.com/news/home/20200313005549/en/
在business wire.com上查看源代碼版本：https://www.businesswire.com/news/home/20200313005549/en/
CONTACT: For media inquiries please contact:
聯繫方式：媒體查詢請聯繫：
VirginGalacticPress@virgingalactic.com
郵箱：VirginGalacticPress@virgingalactic.com
Antonia Gray, FTI
安東尼婭·格雷(Antonia Gray)，FTI
VirginGalacticFin@fticonsulting.com / VirginGalacticcorp@fticonsulting.com
VirginGalacticFin@fticonsulting.com/VirginGalacticcorp@fticonsulting.com
For Investor Relations inquiries please contact:
有關投資者關係的查詢，請聯繫：
VirginGalactic-SVC@SARDVERB.com
維珍銀河--svc@sardVer.com
(END) Dow Jones Newswires
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March 13, 2020 18:45 ET (22:45 GMT)
2020年3月13日美國東部時間18：45(格林尼治標準時間22：45)
*DJ Virgin Galactic Announces Redemption of Public Warrants
*DJ維珍銀河宣佈贖回公開認股權證
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March 13, 2020 18:46 ET (22:46 GMT)
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