Terran Orbital Shares Drop After Pricing $32.5M Equity Offering


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Terran Orbital Corp (NYSE:LLAP) has priced its previously announced public offering of 23.2 million shares and warrants to purchase up to 23.2 million shares at a combined public offering price of $1.40 per share and accompanying warrant.

The warrants have an exercise price of $1.50 per share, are immediately exercisable, and will expire five years following the date of issuance.

The company expects gross proceeds from the offering to be approximately $32.5 million.

Terran Orbital expects to use the net proceeds of the offering for general corporate purposes and general and administrative expenses.

The offering is expected to close on or about September 21, 2023, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

Price Action: LLAP shares are trading lower by 14.79% at $1.21 in premarket on the last check Tuesday.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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