Virginity resets quote1/31/2024 ![]() ![]() (the “Investor”), pursuant to which the Company sold and issued to Investor a convertible debenture (the “Convertible Debenture”) on June 29, 2022, in the principal amount of $50.0 million, which is convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), subject to certain conditions and limitations set forth in the Purchase Agreement. ![]() (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with YA II PN, Ltd. As previously disclosed, on June 28, 2022, Virgin Orbit Holdings, Inc. And the consequence of this adjustment is a new target for market traders, giving the stock a new all-time low on Friday (also as predicted). ![]() You would have to think somebody is scrambling to find more cash behind the scenes. Importantly they still cannot trigger the larger $250m facility, hence the $20m cash infusion from Virgin Group (also as predicted above). As predicted above, a floor price reset notice slashes the lower end price to just $1.51 to avoid the far worse circumstance of the loan repayment being triggered. ![]()
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