A group of investors in Terran Orbital Corp. (NYSE:LLAP), including Sophis Investments LLC, Roark's Drift LLC, and Tyvak Nano-Satellite Systems' co-founders, are calling for the immediate replacement of Chairman and CEO Marc Bell. They cite a series of misguided statements by Bell, conflicting reports about the company's sale, and a significant stock price drop of nearly 30% in one day. The group, owning about 8.4% of Terran's shares, urges the board to form a new committee of independent directors to oversee a strategic review and meet with them. They propose a new CEO candidate, not a former employee, to address operational and cultural issues and restore market credibility.