The Lockheed Martin-backed satellite manufacturer is teaming up with Tailwind Two Acquisition Corp to list on the New York Stock Exchange.
Terran Orbital Corporation, a US-based satellite services provided backed by aerospace and defence manufacturer Lockheed Martin, has agreed to a reverse merger with special purpose acquisition company Tailwind Two Acquisition Corp.
The deal will give the combined company a listing on the New York Stock Exchange and a pro forma enterprise value of $1.58bn. Tailwind Two went public in March this year in a $300m initial public offering.
The deal is supported by $50m in private investment in public equity…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
