• Virgin Galactic Holdings (0QL0.F) plummeted 10.1% to $2.72 on June 22, 2026, following the announcement of a significant convertible debt exchange.
  • The company entered an agreement to exchange approximately $52.5 million in convertible senior notes for newly issued shares, a move intended to enhance liquidity but resulting in dilution for existing shareholders.
  • This financial transaction was a key driver behind the sharp selloff, alongside general market volatility in the space sector.