Terran Orbital Secures Up to $98 Million via ATM Program

Medical and Hospital News

Terran Orbital Secures Up to $98 Million via ATM Program

illustration only

Terran Orbital Secures Up to $98 Million via ATM Program
by Clarence Oxford
Los Angeles CA (SPX) Jul 25, 2024

Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions for the aerospace and defense industries, has announced an at-the-market (ATM) offering program. This program will enable the Company to sell its common stock in transactions categorized as "at the market" offerings, with a total value not exceeding $98,000,000. However, under the Company's existing debt agreements, sales are capped at 26,362,513 shares unless additional consent is obtained to sell more.

Sales through the ATM will be managed by the Company's sales agent, H.C. Wainwright and Co., LLC.

Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital, stated, "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. We are confident that the ATM announced today will allow us to deliver maximum value to our customers and other stakeholders."

This announcement does not constitute an offer to sell or a solicitation to buy these securities, nor will there be any sales of these securities in jurisdictions where such transactions are unlawful prior to registration or qualification under the relevant securities laws.

Related Links
Terran Orbital
The latest information about the Commercial Satellite Industry

Subscribe Free To Our Daily Newsletters

RELATED CONTENT

The following news reports may link to other Space Media Network websites.

Epson Makes Strategic Investment in Microsatellite Innovator Axelspace
Sydney, Australia (SPX) Jul 25, 2024
Epson, alongside its subsidiary Epson X Investment Corporation (EXI), has invested in Axelspace Holdings, the parent company of Axelspace Corporation, a pioneering startup in microsatellite development and manufacturing. This investment was facilitated through the EP-GB Investment Limited Partnership fund. Axelspace, with its mission to bring "Space within Your Reach," operates AxelLiner, which focuses on the development, manufacturing, and operation of microsatellites, and AxelGlobe, which specia ... read more

Gaza burns cases surge as medical supplies dwindle

Hopes fade for more survivors in Indian landslide rescue

At least five missing after bridge collapse in southwest China

Slow down to save the planet, says Japan's rock star philosopher Saito

oneNav's Advanced L5 Technology Mitigates GPS Jamming in Israel

China plans to launch pilot cities to showcase BeiDou applications

NextNav Receives DOT Award to Enhance PNT Services as GPS Backup

Lebanon says Israeli GPS jamming confounding ground, air traffic

Analysis reveals agonizing death of 'Screaming Woman' Mummy

Iraqi churches denounce Olympics opening ceremony scene

Ancient Human Migration Routes Through Southeast Indonesia Unveiled

Tense talks as UNESCO mulls Heritage sites at risk

Nigeria unveils elephant sculpture to highlight illegal tusk trade

Gunfire, bombs as Colombia guerrillas flex muscles ahead of COP16

Endangered gazelles find Libyan 'safe haven'

Colombia orchid sanctuary collects and clones endangered species

'Hong Kong's Dr Fauci' sounds alarm on next pandemic

Polio virus found as flies and mosquitoes feast on Gaza's waste

Decade since Ebola, Sierra Leone fights another deadly fever

Decade since Ebola, Sierra Leone fights another deadly fever

China sanctions US lawmaker over Tibet 'interference'

Singapore orders self-exiled China tycoon's social media accounts blocked

Ex-WSJ reporter says fired over role in Hong Kong press union

China making youth unemployment a 'top priority'

UN warns Iraq becoming major regional drug conduit

Guns n' ganja: Weapons flood Catalonia's cannabis trade

Spain, France bust million-euro-a-day money laundering network

China cracks down on money-changing syndicates in Macau

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.