LLAP - Terran Orbital files for $500M mixed shelf offering shares slide ~13% after hours
2023-04-03 18:31:00 ET
- Terran Orbital ( NYSE: LLAP ) on Monday filed for a mixed shelf offering of up to $500M.
- LLAP stock slid 12.9% to $1.62 after hours.
- The offering may include common stock, preferred stock, debt securities, depositary shares, warrants, subscription rights, purchase contracts and units.
- The filing does not necessarily indicate that a sale has begun or will occur in the future.
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Terran Orbital files for $500M mixed shelf offering, shares slide ~13% after hours