Terran Orbital Corp: Nasdaq/NYSE listing notice — Terran Orbital receives NYSE non-compliance notice for stock price below $1.00; 6-month cure period

Terran Orbital Corp

NYSE notice on Oct 20, 2023: average closing price below $1.00 over 30 trading days.
Six-month cure period: must have closing price ≥$1.00 and 30-day average ≥$1.00.
Company considering options including reverse stock split, subject to stockholder approval.
Stock continues trading under LLAP with .BC designation; no immediate delisting.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Terran Orbital Corp received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

October 20, 2023, Terran Orbital Corporation (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it is not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”) 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. The Notice does not result in the immediate delisting of the Company’s common stock from the NYSE. In accordance with applicable NYSE rules, the

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Source: SEC EDGAR

accession 0000950170-23-054441

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