Terran Orbital Announces up to $98 Million of New Capital Through ATM Program
2024年7月24日 - 6:00AM
ビジネスワイヤ(英語)
Terran Orbital Corporation (NYSE: LLAP), a global leader in
satellite-based solutions primarily serving the aerospace and
defense industries (the “Company”), today announced the launch of
an at-the-market offering program (the “ATM”), which will allow the
Company to offer its common stock, from time to time, in
transactions that are deemed to be “at the market” offerings not to
exceed an aggregate amount of $98,000,000. Notwithstanding the
foregoing, pursuant to certain of the Company’s debt documents, the
Company is limited to selling 26,362,513 shares of its common stock
under the at-the-market program unless the Company obtains the
required consent to sell more shares of common stock. Sales
pursuant to the ATM will be conducted through the Company’s sales
agent, H.C. Wainwright & Co., LLC.
“As opportunities from our business pipeline convert to awards,
we want to give our customers and vendors additional confidence
that we have adequate capital to successfully manage current and
future programs,” said Marc Bell, Co-Founder, Chairman, and Chief
Executive Officer of Terran Orbital. “We are confident that the ATM
announced today will allow us to deliver maximum value to our
customers and other stakeholders.”
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities in this offering,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to the registration or qualification under the
securities laws of any such state or other jurisdiction.
About Terran Orbital
Terran Orbital is a leading manufacturer of satellite products
primarily serving the aerospace and defense industries. Terran
Orbital provides end-to-end satellite solutions by combining
satellite design, production, launch planning, mission operations,
and on-orbit support to meet the needs of the most demanding
military, civil, and commercial customers. Learn more at
www.terranorbital.com.
Forward-Looking Statements
This press release contains “forward-looking statements” for
purposes of the federal securities laws. We intend such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements under the US securities
laws. All statements, other than statements of present or
historical facts, contained in this press release, regarding the
ATM and expectations, plans and objectives of management are
forward-looking statements. Forward-looking statements are
typically identified by such words as “plan,” “believe,” “expect,”
“anticipate,” “intend,” “outlook, “estimate,” “will,” “should,”
“would” and “could” and other similar words and expressions. These
forward-looking statements involve a number of risks, uncertainties
or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by the
forward-looking statements, including, but not limited to: our
ability to implement business plans, forecasts, and other
expectations; our ability to finance and invest in growth
initiatives; the ability to get the stockholder approval to
effectuate a reverse stock-split, if necessary; and the other risks
disclosed in our Annual Report on Form 10-K filed with the SEC on
April 1, 2024 and the prospectus supplement dated September 18,
2023 related to our Registration Statement on Form S-3, as amended
(File No. 333-271093), which was declared effective by the SEC on
April 18, 2023.
These forward-looking statements are based on management’s
current expectations, plans, forecasts, assumptions, and beliefs
concerning future developments and their potential effects. There
can be no assurance that the future developments affecting us will
be those that we have anticipated, and we may not actually achieve
the plans, intentions or expectations disclosed in our
forward-looking statements, and you should not place undue reliance
on our forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723412383/en/
Terran Orbital Media Contact Public Relations
pr@terranorbital.com 949-508-6404
Terran Orbital (NYSE:LLAP)
過去 株価チャート
から 6 2024 まで 7 2024
Terran Orbital (NYSE:LLAP)
過去 株価チャート
から 7 2023 まで 7 2024