On the risk of delisting of ordinary shares of Virgin Galactic Holdings, Inc. (SPCE)

The International Trading System Limited (hereinafter – ITS) hereby informs on the delisting risk of ordinary shares of Virgin Galactic Holdings, Inc. (ISIN US92766K1060, hereinafter – Shares, QI) from the New York Stock Exchange LLC (hereinafter - NYSE).

 Information on the delisting risk of ordinary shares by NYSE

On May 29, 2024 Virgin Galactic Holdings, Inc. (the “Company”) submitted Current report on Form 8-K to The United States Securities and Exchange Commission (the “SEC”). According to the report, on May 29, 2024 the Company was notified by NYSE Regulation that the Company was not in compliance with the NYSE continued listing criteria under Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock had been less than $1.00 over a consecutive 30 trading-day period.

The Company notified the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements. Pursuant to Section 802.01C, the Company has a period of six months following receipt of the Delisting Notice to regain compliance with the Minimum Price Requirement. For more information, please refer to the report available on the SEC website.

Information regarding possible actions to be taken by ITS Ltd.

ITS Ltd. (hereinafter – ITS) conducts regular monitoring of the relevant information disclosed by the Company. Delisting of the Company’s securities (hereinafter – Qualified Investments) by NYSE will be considered to constitute a breach of the ITS Regulations on admitting financial instruments to trading and result in termination of trading in the Qualified Investments on ITS.