secwatch.observer — SEC 8-K summary
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Issuer:     Terran Orbital Corp (—)
CIK:        0001835512
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118608
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lockheed Martin completes acquisition of Terran Orbital for $0.25 per share; LLAP to be delisted
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- Merger closed Oct 30, 2024; shareholders receive $0.25 cash per share of common stock.
- All pre-merger directors and officers resigned; new CEO Peter Krauss, acting CFO Thomas Klinger appointed.
- Terran Orbital common stock to be suspended from NYSE and deregistered; Form 15 will be filed.
- Special meeting held Oct 29, 2024; 56.7% of outstanding shares voted to approve the merger.
- Terran Orbital becomes a wholly owned subsidiary of Lockheed Martin, operating as 'Terran Orbital, a Lockheed Martin Company'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024118608/0000950170-24-118608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024118608/llap-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118608

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