Credit Suisse initiated coverage on Virgin Orbit Holdings with a new price target
$VORB
Credit Suisse initiated coverage of Virgin Orbit Holdings with a rating of Underperform and set a new price target of $1.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/12/2022 | $1.00 | Underperform | Credit Suisse |
| 2/28/2022 | $20.00 | Buy | Canaccord Genuity |
Virgin Orbit Holdings, Inc. (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it was notified by the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had determined to commence proceedings to delist the Company's common stock and warrants to purchase common stock as a result of the Company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Nasdaq also asserted that the Company is not compliant with Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Nasdaq informed the Company that trading
Secures $31.6 million in Debtor in Possession Financing to Fund the Process Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the "Company" or "Virgin Orbit"), a responsive space launch provider, announced today that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business. With the support of Virgin Investments Limited in the form of debtor-in-possession ("DIP") financing, Virgin Orbit intends to use the Chapter 11 process to maximize value for its business and assets. This announcement follows the Company's previous statement abou
On 9 January 2023, during the first attempted orbital launch from the United Kingdom, Virgin Orbit's LauncherOne experienced an anomaly, leading to a premature shutdown of the rocket and failure to reach orbit. Virgin Orbit began its investigation into the failure within hours of the conclusion of the mission, under the leadership of distinguished aerospace veteran Jim Sponnick and Virgin Orbit Chief Engineer Chad Foerster. The failure investigation team received immediate access to extensive telemetry data collected during the mission from the ground stations in the UK, Ireland, and Spain, as well as systems onboard its carrier aircraft, providing a robust dataset that the investigation t
3 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)
3 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)
4 - Virgin Orbit Holdings, Inc. (0001843388) (Issuer)
EFFECT - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
15-12G - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
S-8 POS - Virgin Orbit Holdings, Inc. (0001843388) (Filer)
Virgin Orbit (NASDAQ:VORB) welcomes Maj. Gen. Kim Crider as the newest board member to its wholly owned subsidiary engaged with national security organizations in the United States and its allies, Virgin Orbit National Systems. Virgin Orbit National Systems, formerly known as VOX Space, is a U.S.-incorporated subsidiary of Virgin Orbit that provides the U.S. national security community and allied nations with responsive, dedicated and affordable launch services for small satellites bound for Low Earth Orbit. The appointment of Crider brings the board to three total members, all of whom having been leaders in national security space and former USAF Major Generals. "We are very pleased to w
Credit Suisse initiated coverage of Virgin Orbit Holdings with a rating of Underperform and set a new price target of $1.00
Canaccord Genuity initiated coverage of Virgin Orbit Holdings with a rating of Buy and set a new price target of $20.00
Virgin Orbit Holdings Inc (OTC:VORB), along with its subsidiaries in the U.S., has filed a Chapter 11 bankruptcy plan in the District of Delaware. VORB had filed for Chapter 11 bankruptcy on April 4, 2023, a day after flagging substantial doubt about its ability to continue as a going concern for at least 12 months. The company is also pursuing a competitive sale process to maximize value for all stakeholders. VORB proposed a May 4, 2023, deadline for indications of interest and has asked the Court to approve bid procedures, including a bid deadline of May 14, 2023. Also Read: Virgin Orbit's Legal Showdown: Bankruptcy Triggers Threat of Action Against Prospective Investor "We continue
Gainers Guardforce AI Co (NASDAQ:GFAI) shares moved upwards by 71.7% to $28.32 during Wednesday's regular session. As of 13:30 EST, this security is trading at a volume of 15.8 million shares, making up 911.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $45.8 million. Freight Technologies (NASDAQ:FRGT) shares rose 37.58% to $2.97. The current volume of 4.3 million shares is 448.5% of Freight Technologies's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $9.7 million. China Index Holdings (NASDAQ:CIH) stock moved upwards by 33.11% to $0.94. As of 13:3
Business Highlights: July 1, 2022 delivered seven satellites for the Department of Defense Space Test Program (STP) - fourth consecutive successful launch Strong Q3 revenue - $30.9 million Signed multi-year launch contract with Spire Global Signed international spaceport agreements with Australia, Luxembourg, and South Korea LauncherOne system on-site at Spaceport Cornwall for upcoming UK launch $25 million investment from Virgin Investments, a part of the Virgin Group Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), today announced its financial results for the third quarter ended September 30, 2022. Virgin Orbit's Chief Executive Officer, Dan Hart, commented, "
Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company") announced today that it will report financial results for the third quarter ended September 30, 2022 after the market closes on Monday, November 7, 2022. The Company will host a webcast and conference call on the same day at 4:30 pm Eastern Time to discuss the results. A live webcast and replay will also be available at https://investors.virginorbit.com/news-events/ir-calendar. 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 company began commercial service in 2021, and has already delivered commercial, ci
Business Highlights: Completed fourth consecutive successful launch in 18 months on July 1, 2022; delivered satellites for the Department of Defense Space Test Program (STP) Signed binding launch contract with iQPS for launch of synthetic aperture radar satellites Announced NRO, U.S. Space Force, UK MoD, and commercial payloads for Cornwall, UK launch Established new Brazilian subsidiary and received launch operator's license Continued international momentum with signed study for South Korean spaceport Virgin Orbit (NASDAQ:VORB) ("Virgin Orbit" or the "Company"), the responsive space flight and services company, today announced its financial results for the second quarter ended
SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)
SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)
SC 13D/A - Virgin Orbit Holdings, Inc. (0001843388) (Subject)