Satellite maker Terran Orbital Corp., which has the bulk of its operations in Irvine, said it has received a New York Stock Exchange notice that its share price has been consistently too low.
The closing share price of the company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period, Terran Orbital (NYSE: LLAP) said in a statement today. The NYSE notice does not result in the immediate delisting of the company’s common stock from the NYSE.
Terran, headquartered in Boca Raton, Fla., said it intends to regain compliance with listing standards and is considering various options “including, but not limited to, a reverse stock split.”
