Thornton Law Firm Announces Investigation Into SPCE

·2 min read

Boston, Massachusetts--(Newsfile Corp. - May 10, 2021) - The Thornton Law Firm alerts investors that it is investigating Virgin Galactic Holdings, Inc. (NYSE: SPCE) for potential securities violations. Investors who currently own shares or options of SPCE may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/SPCE for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/SPCE

On May 4, Virgin Galactic Holdings, Inc. said it would restate certain past financial results in the wake of recent comments by the Securities and Exchange Commission on the accounting treatment of deals involving special-purpose acquisition companies. The Company reported in a Form 8-K that, following its review of the SEC Statement and consulting with its advisors, the Company will restate its consolidated financial statements included in its Annual Report for the fiscal year ended December 31, 2020. The restatement is due solely to the accounting treatment for the warrants of Social Capital Hedosophia Holdings Corp. that were outstanding at the time of the Company's business combination on October 25, 2019.

FOR MORE INFORMATION: www.tenlaw.com/cases/SPCE

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/SPCE

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83514

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