Terran Orbital Plans Launch Of An At-The-Market Offering Program For Up To $98M Of New Capital
Portfolio Pulse from Benzinga Newsdesk
Terran Orbital has announced the launch of an at-the-market (ATM) offering program to raise up to $98 million in new capital. This move is aimed at bolstering the company's financial position.
July 23, 2024 | 9:01 pm
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Terran Orbital's announcement of an ATM offering program to raise up to $98 million is likely to impact its stock price. The move aims to strengthen the company's financial position but may dilute existing shares.
The ATM offering program will introduce new shares into the market, which could dilute the value of existing shares. While the capital raise is positive for the company's financial health, the immediate impact on stock price is likely to be negative due to dilution concerns.
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