Virgin Galactic Holders File to Sell More Than 100 Million Shares
Owners of a significant portion of Virgin Galactic Holdings (NYSE: SPCE) have filed to offer as much as 113 million shares for sale, potentially increasing the supply of the stock on the open markets.
Virgin Galactic registered up to 105 million outstanding shares and 8 million shares issuable upon the exercise of warrants. The filing does not indicate that the shares are being sold, or that the holders will sell them in the future, but it allows for that to happen.
As of Nov. 5, 2020, Virgin Galactic had 234,342,464 shares of its common stock issued and outstanding.
Source Fool.com
