Virgin Orbit (VORB) Announces Cessation of Offering Process

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Go back to Virgin Orbit (VORB) Announces Cessation of Offering Process

Virgin Orbit Announces Cessation of Offering Process

November 23, 2022 4:05 PM EST

LONG BEACH, Calif.--(BUSINESS WIRE)-- Virgin Orbit Holdings, Inc. (NASDAQ: VORB) (Virgin Orbit or the Company) today announced that it evaluated the possibility of conducting an offering of its securities. Due to current market conditions, the Company has elected not to proceed with an offering. Any future capital raising transactions will depend upon future market conditions.

ABOUT VIRGIN ORBIT

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the... More