Terran Orbital announces Proposed Public Offering

Each share of common stock (or common stock equivalent in lieu thereof) will be sold with a warrant to purchase the Company's common stock. All of the shares of common stock (or common stock equivalents) and warrants in the offering are to be offered by the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

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

Terran Orbital expects to use the net proceeds of the proposed offering for general corporate purposes including capital expenditures, working capital, research and development, and general and administrative expenses, and maintenance of the liquidity covenant in the Company's debt documents.