Virgin Galactic Holdings Inc (SPCE)

[SilverKnightLV]

Warrant Holders: In case you didn't know, or didn't catch it yesterday, you can NOT redeem your warrants at the current time, cashless or with cash, as the underlying shares don't exist. The recently filed S1 to register the underlying shares has not yet been approved by the SEC. Also, on yesterday's call, it was stated that VG is still unsure whether they will call them for redemption once the underlying shares are approved, as they don't need the money from the $11.50 strike price.
Once approved, you can redeem them, but it is not clear whether it would be cashless or for cash. VG said they wouldn't even think about the warrants until the SEC approved the underlying shares.
Please keep in mind, that if VG does not call the warrants for redemption, that it is the sole responsibility of the warrant holder to either sell the warrants on the open market or have your broker arrange for redemption.