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Virgin Galactic shares fell more than 9% in premarket trading

Tiger Newspress2022-01-13

Virgin Galactic shares fell more than 9% in premarket trading.Virgin Galactic Holdings, Inc. today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Virgin Galactic also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date when the notes are first issued, up to an additional $75 million principal amount of notes.

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Comment8

  • vaztan
    ·2022-01-13
    The company is not going bankrupt.No need to panic and sell ,unless you are doing it for tax purposes. They are just raising money . Quite normal for public company 
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  • whatsyours
    ·2022-01-13
    Hopeless company
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  • WjsdSGTi
    ·2022-01-13
    666
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  • Zaperano
    ·2022-01-13
    $8 soon
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  • S071
    ·2022-01-13
    Oh
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  • JaneJane
    ·2022-01-13
    Omg drop again 😭😭😭
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  • tintintin
    ·2022-01-13
    Ohh
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  • weiliat
    ·2022-01-13
    跌成狗 還增發
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