Terran Orbital Regains Compliance with NYSE Continued Listing Standards
April 02 2024 - 6:30AM
Business Wire
Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the
"Company"), a leading manufacturer of satellite products primarily
serving the aerospace and defense industries, today announced that
it received a notice from the New York Stock Exchange (the “NYSE”)
on March 29, 2024 stating that the Company has regained compliance
with the minimum stock price continued listing standard set forth
in Section 802.01C and will be removed from the NYSE’s noncompliant
issuers list.
The Company previously received a noncompliance notice from the
NYSE because the average closing price of the Company’s common
stock was less than $1.00 per share over a consecutive 30
trading-day period ended October 18, 2023. On March 28, 2024, the
Company’s common stock closed above $1.00 and had an average
closing share price of at least $1.00 over the prior 30 trading-day
period.
About Terran Orbital
Terran Orbital Corporation is a leading manufacturer of
satellite products primarily serving the aerospace and defense
industries. Terran Orbital provides end-to-end satellite solutions
by combining satellite design, production, launch planning, mission
operations, and on-orbit support to meet the needs of the most
demanding military, civil, and commercial customers. Learn more at
www.terranorbital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240402926531/en/
Terran Orbital Public Relations Juliana Johnson
pr@terranorbital.com 949-508-6404
Terran Orbital Investor Relations ir@terranorbital.com
949-202-8476
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