Terran Orbital announces $98M at-the-market offering program

Terran Orbital announced the launch of an at-the-market offering program which will allow the company to offer its common stock, from time to time, in transactions that are deemed to be “at the market” offerings not to exceed an aggregate amount of $98M. Notwithstanding the foregoing, pursuant to certain of the company’s debt documents, the company is limited to selling 26,362,513 shares of its common stock under the at-the-market program unless the company obtains the required consent to sell more shares of common stock. Sales pursuant to the ATM will be conducted through the company’s sales agent, H.C. Wainwright & Co.