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    SEC Form POS AM filed by Terran Orbital Corporation

    10/30/24 8:50:43 AM ET
    $LLAP
    Military/Government/Technical
    Industrials
    Get the next $LLAP alert in real time by email
    POS AM 1 s-3_pos_am_333-271093.htm POS AM POS AM

     

    As filed with the Securities and Exchange Commission on October 30, 2024

     

    Registration No. 333-271093

    Registration No. 333-264447

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 REGISTRATION STATEMENT NO. 333-271093

    POST-EFFECTIVE AMENDMENT NO. 2 TO FORM S-1 ON FORM S-3 REGISTRATION STATEMENT NO. 333-264447

    Under

    The Securities Act of 1933

    TERRAN ORBITAL CORPORATION

    (Exact name of Registrant as specified in its charter)

     

    Delaware

    98-1572314

    (State or other jurisdiction of
    incorporation or organization)

    (I.R.S. Employer
    Identification Number)

    6800 Broken Sound Parkway NW, Suite 200

    Boca Raton, Florida, 33487

    (561) 988-1704

    (Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

     

    John Stevens

    Vice President and Associate General Counsel

    Lockheed Martin Corporation

    6801 Rockledge Drive

    Bethesda, Maryland 20817

    (301) 897-6000

    (Name, address, including zip code, and telephone number, including area code, of agent for service)

     

    Copy to:

    Elizabeth M. Donley, Esq.

    Richard Aftanas, Esq.

    Hogan Lovells US LLP

    555 Thirteenth Street N.W.

    Washington, DC 20004

    Tel: (202) 637-5600

     

    Approximate date of commencement of proposed sale to the public:

    Not applicable. Removal from registration of securities that were not sold pursuant to the above referenced registration statements.

     

    If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: ☐

     

     


     

    If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: ☐

    If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

    If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

    If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☐

    If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

    Large accelerated filer

     

    ☐

     

    Accelerated filer

     

    ☐


     


     


     


     

    Non-accelerated filer

     

    ☒

     

    Smaller reporting company

     

    ☒

     

     

     

     

     

     

     

    Emerging growth company


     

    ☒


     


     

    


     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

     

     

     

     


     

    DEREGISTRATION OF SECURITIES

    Terran Orbital Corporation, a Delaware corporation (the “Registrant”), is filing with the Securities and Exchange Commission (the “SEC”) these post-effective amendments (these “Post-Effective Amendments”) related to the following Registration Statements on Form S-3 (collectively, the “Registration Statements”) to deregister any and all of the securities of the Registrant registered but unsold or otherwise unissued under each such Registration Statements as of the date hereof:

    1.
    Registration Statement on Form S-3 (File No. 333-271093), which was filed with the SEC on April 3, 2023, registering up to $500,000,000 of shares of common stock, par value $0.0001 per share (“Common Stock”), preferred stock, par value $0.0001 per share, debt securities, depositary shares, warrants, subscription rights, purchase contracts and units; and
    2.
    Registration Statement on Form S-1 on Form S-3 (File No. 333-264447), which was filed with the SEC on April 22, 2022, amended on June 1, 2022 and June 16, 2022 prior to being declared effective by the SEC on June 23, 2022, and further amended by Post-Effective Amendment No. 1, filed with the SEC on April 25, 2023, registering for resale by the security holders identified in the prospectus therein: (i) up to 106,560,152 shares of Common Stock, (ii) up to 78,000 warrants to purchase shares of Common Stock at $11.50 per share, (iii) up to 11,055,606 warrants to purchase shares of Common Stock at $10.00 per share, (iv) up to 19,299,960 shares of Common Stock underlying warrants to purchase at $11.50 per share and (v) up to 11,055,606 shares of Common Stock underlying warrants to purchase at $10.00 per share.

     

    On October 30, 2024, pursuant to the Agreement and Plan of Merger, dated August 15, 2024, by and among the Registrant, Lockheed Martin Corporation, a Maryland corporation (“Parent”), and Tholian Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), Merger Sub merged with and into the Registrant (the “Merger”), with the Registrant continuing as the surviving corporation of the Merger and a wholly owned subsidiary of Parent. These Post-Effective Amendments are being filed as a result of the Merger.

    As a result of the Merger and by filing these Post-Effective Amendments, the Registrant has terminated any and all offerings of its securities pursuant to the Registration Statements and hereby removes from registration any of the securities registered but unsold or otherwise unissued under the Registration Statements as of the date hereof. This filing is made in accordance with an undertaking made by the Registrant in Part II of each Registration Statement to remove from registration, by means of a post-effective amendment, any securities that had been registered for issuance but remain unsold at the termination of the offering. After giving effect to these Post-Effective Amendments, there will be no remaining securities registered by the Registrant pursuant to the Registration Statements.

    The foregoing description of the Merger, the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the Merger Agreement, which is attached as Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed with the SEC on August 21, 2024.

     

     


     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused these Post-Effective Amendments to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Palm Beach, State of Florida, on October 30, 2024.

     

     

     

     

     

     

    TERRAN ORBITAL CORPORATION

     

     

    By:

    /s/ James Black

     

    James Black
    General Counsel and Secretary

    Pursuant to Rule 478 under the Securities Act of 1933, as amended, no other person is required to sign these Post-Effective Amendments.

     

     


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