Virgin Galactic announces at-the-market equity program for up to $300M
The Fly

Virgin Galactic announces at-the-market equity program for up to $300M

Virgin Galactic (SPCE) announced that it has entered into a sales agreement under which it may offer and sell shares of its common stock having an aggregate offering price of up to $300 million from time to time pursuant to an “at the market” program. The Company intends to use the net proceeds from any sales of its common stock under the ATM Program to further accelerate the development and production of its next-generation spaceflight fleet, including an additional mothership and third and fourth Delta Class spaceships. Any sales under the ATM Program will be through Jefferies LLC, as sales agent.

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