Terran Orbital Corp’s Strategic Stock Sale Agreement and Regulation

Terran Orbital Corp (LLAP) just unveiled an announcement.

Terran Orbital Corporation has entered into a new agreement with H.C. Wainwright & Co. to periodically sell up to $98 million of its common stock in “at the market” offerings. However, sales are capped at 26,362,513 shares unless Lockheed Martin, under a previous agreement, consents to a higher volume. This flexible arrangement allows Terran Orbital to strategically sell shares on any trading day, with the option to set minimum prices and daily sale amounts, offering potential investors an opportunity to buy into the company as it navigates the financial markets.

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