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Terran Orbital Corp (LLAP) has issued an announcement.
Terran Orbital Corporation has been notified by the NYSE of non-compliance with the minimum stock price listing standard, with shares falling below $1.00 on average over 30 days. The company remains listed and is exploring options, such as a reverse stock split, to correct the issue within six months. The non-compliance does not affect current trading under the ticker “LLAP” or the company’s SEC reporting obligations, but delisting could have negative consequences on stock liquidity and price.
Find detailed analytics on LLAP stock on TipRanks’ Stock Analysis page.
