Terran Orbital (NYSE – LLAP)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Terran Orbital (NYSE – LLAP)

BALA CYNWYD – August 15, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Terran Orbital, Inc. (“Terran Orbital” or the “Company”) (NYSE – LLAP) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Lockheed Martin (NYSE – LMT) in a deal with an enterprise value of approximately $450 million. Under the terms of the agreement, Lockheed Martin will acquire all outstanding shares of Terran Orbital for $0.25 in cash.

The investigation concerns whether the Terran Orbital Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Lockheed Martin is paying fair value to shareholders of the Company. For example, the deal consideration is below the 52-week high of $1.61 for the Company’s shares.

If you own shares of Terran Orbital stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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