NEW YORK, May 11, 2020 /PRNewswire/ -- Virgin Group
("Virgin"), through its subsidiary Vieco 10 Limited, announced
today that it may offer and sell up to 25,000,000 shares of its
common stock in Virgin Galactic Holdings, Inc. ("VGH") (NYSE: SPCE)
to or through Credit Suisse Securities (USA) LLC as sales agent or principal. VGH
filed an amendment to its registration statement on Form S-1 with
the Securities and Exchange Commission (the "SEC") to register the
proposed offering by Vieco 10 Limited. Sales of the shares of
common stock are expected to be made from time to time by means of
ordinary brokers' transactions on the NYSE or otherwise at market
prices prevailing at the time of sale, at prices related to
prevailing market prices or at negotiated prices. Virgin intends to
use any proceeds to support its portfolio of global leisure,
holiday and travel businesses that have been affected by the
unprecedented impact of COVID-19.
A registration statement relating to these securities and the
proposed offering has been filed with the SEC but has not yet
become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy
nor shall there be any offer or sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
The proposed offering will be made only by means of a prospectus
and accompanying prospectus supplement. A copy of the
prospectus and accompanying prospectus supplement relating to the
offering may be obtained, when available, from Credit Suisse
Securities (USA) LLC, Attn:
Prospectus Department, Eleven Madison Avenue,
3rd Floor, New York,
NY 10010, Telephone: 1-800-221-1037,
Email: usa.prospectus@credit-suisse.com. These documents
may also be obtained for free by visiting EDGAR on the SEC website
at www.sec.gov.