secwatch.observer — SEC 8-K summary
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Issuer:     Terran Orbital Corp (—)
CIK:        0001835512
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000950170-23-054441
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terran Orbital receives NYSE non-compliance notice for stock price below $1.00; 6-month cure period
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835512/000095017023054441/0000950170-23-054441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835512/000095017023054441/llap-20231020.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054441

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer