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Tyvak Parent Starts NYSE Trading

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Small-satellite maker Terran Orbital Corp. (NYSE: LLAP), the parent company of Tyvak Nano Satellite Solutions Inc. of Irvine, started trading as a publicly listed company today.

The trading opened at $12.69 per share and had fallen 16.9% to $9.11 by midday in New York. The company went public after completing a merger with special purpose acquisition company (SPAC) Tailwind Two Acquisition Corp.

“We expect that as we advance, Terran Orbital will continue to define the small satellite market by combining high-volume manufacturing with fully integrated operations and mission planning capabilities,” co-founder and CEO Marc Bell said in a statement.

Boca Raton-based Terran said it recognized full year 2021 total revenues greater than $40 million.

The company also said it was “recognized by the Ukraine Ministry of Defense for providing critical data and images to support the country’s defense from Russian attacks.”

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal

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