Terran Orbital Intends To Offer And Sell Shares Of Its Common Stock In Public Offering; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Terran Orbital plans to sell shares of its common stock in a public offering. The company intends to use the net proceeds for general corporate purposes, including capital expenditures, working capital, research and development, and general and administrative expenses. The funds will also be used to maintain the liquidity covenant in the company's debt documents.
September 18, 2023 | 9:16 pm
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NEUTRAL IMPACT
Terran Orbital's public offering may impact the stock price of LLAP, if they are related. The use of proceeds for corporate purposes and debt management could be seen as a positive move.
The news of Terran Orbital's public offering could potentially impact the stock price of LLAP, if they are related. The use of proceeds for general corporate purposes and to maintain the liquidity covenant in the company's debt documents could be seen as a positive move by investors, potentially leading to a positive impact on the stock price. However, without specific details on the relationship between Terran Orbital and LLAP, it's difficult to predict the exact impact.
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