Looking to see what comes from EXPO next week.
$Terran Orbital(LLAP.US$ Proven Space Technology Debuts: Terran Orbital's entry into the SmallSat GEO™ market: We'll unveil our groundbreaking SmallSat GEO™ solution, offering adaptable payloads, high performance, and significant cost advantages. Full-size Nebula platform: Witness the technology powering the SDA's Tranche 0 constellation. Immersive AR experiences: Interact with our Ambassador and Enterprise SmallSat platforms, including a GEO variant, through cutting-edge augmented reality. Thought Leadership Panels: Tuesday, March 19, 11:00 AM: Marc Bell CEO joins "The Renaissance of Satellite: New Business Models Across the Value Chain" (Room 147) Wednesday, March 20, 1:45 PM: Marc Bell CEO participates in "Future of LEO/MEO Constellations" (Room 147).
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taijahmed75 : Just received an email regarding 8-K form from Moomoo as attached below. What does the 8-K form means here @Trytosaveabit
TrytosaveabitOP taijahmed75: It’s explaining to you as a shareholder that they have a offer from Lockheed Martin to acquire all outstanding shares of the company! And I haven’t read deeper yet been busy! But it may actually be a buyout offer where it will need a vote from shareholders? But either way it could turn into great News possibly?
TrytosaveabitOP taijahmed75: As well as this! (((((. Item 1.01. Entry into a Material Definitive Agreement.
On March 4, 2024, Terran Orbital Corporation (the “Company”) entered into a Rights Agreement (the “Rights Agreement”) with Continental Stock Transfer & Trust Company, as rights agent. In connection therewith, the Board of Directors of the Company (the “Board”) declared a dividend of one preferred share purchase right (“Right”) for each outstanding share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”). The dividend is payable on March 14, 2024 to stockholders of record as of the close of business on such date (the “Record Date”). In addition, one Right will automatically attach to each share of Common Stock issued between the Record Date and the Distribution Date (as defined below).
The Board adopted the Rights Agreement to protect the Company and its stockholders from coercive or otherwise unfair takeover tactics. In general terms, the Rights Agreement works by imposing a significant penalty upon any person or group (including a group of persons that are acting in concert with each other) that acquires 15% or more of the outstanding Common Stock, including through derivatives agreements, without the approval of the Board (an “Acquiring Person”). The Rights Agreement should not interfere with any merger or other business combination approved by the Board.
taijahmed75 TrytosaveabitOP: Thank you very much @Trytosaveabit for your prompt and detailed response!!!
TrytosaveabitOP taijahmed75: You’re very welcome! GL