Chapter 11 Proceedings Commenced by Virgin Orbit Holdings

Virgin Orbit Holdings, Inc. and its U.S. subsidiaries have 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”)…