Virgin Galactic Holdings (SPCE) has shared an update.
Virgin Galactic Holdings, Inc. is facing a potential delisting from the New York Stock Exchange after its stock price failed to meet the minimum average closing price of $1.00 over a 30-day period. The company has six months to address the issue and plans to propose a reverse stock split to its shareholders to boost the stock price above the required threshold. However, there’s uncertainty whether these measures will be sufficient for compliance or whether shareholder approval can be secured, leaving the company’s NYSE listing in jeopardy.
For an in-depth examination of SPCE stock, go to TipRanks’ Stock Analysis page.
