Tranche

Northrop Grumman Rapidly Completes Critical Design Review for Tranche 1 Transport Layer

Retrieved on: 
Tuesday, April 18, 2023

WASHINGTON, April 18, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) recently completed a critical design review for its Tranche 1 Transport Layer (T1TL), part of Space Development Agency’s (SDA) low-earth orbit network designed to communicate vital information to wherever it’s needed to support U.S. troops on the ground quickly and securely.

Key Points: 
  • WASHINGTON, April 18, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) recently completed a critical design review for its Tranche 1 Transport Layer (T1TL), part of Space Development Agency’s (SDA) low-earth orbit network designed to communicate vital information to wherever it’s needed to support U.S. troops on the ground quickly and securely.
  • The Tranche 1 Transport Layer (T1TL) communication satellites will provide resilient, low-latency, high-volume data transport supporting U.S. military missions around the world.
  • Northrop Grumman is also providing the ground system for both its Transport and Tracking constellations.
  • The Space Development Agency has formerly announced that Northrop Grumman is under contract to develop and build 42 Tranche 1 Transport Layer satellites and 14 Tranche 1 Tracking Layer satellites as part of its Proliferated Warfighter Space Architecture.

Cellectis enters into warrant agreement with the European Investment Bank related to credit facility agreement and announces the drawdown of the first tranche of €20 million

Retrieved on: 
Tuesday, April 4, 2023

The Company also announced the drawdown of the first tranche of €20 million (“Tranche A”) under the Finance Contract, expected to be disbursed by the EIB in early April 2023.

Key Points: 
  • The Company also announced the drawdown of the first tranche of €20 million (“Tranche A”) under the Finance Contract, expected to be disbursed by the EIB in early April 2023.
  • of the French Commercial Code, representing 5.0% of the Company’s outstanding share capital as at their issuance date.
  • The EIB Warrants with respect to Tranche B and Tranche C are only issuable if the Company elects to drawdown such tranches.
  • The Warrant Agreement contains certain customary representations and warranties by the Company and is governed by French law.

Red Pine Announces Upsize of Previously Announced Private Placement to C$6.8 Million

Retrieved on: 
Saturday, April 1, 2023

TORONTO, March 31, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce that it has entered into an amendment agreement with Haywood Securities Inc. (“Haywood”), as co-lead agent and sole bookrunner, on behalf of 3L Capital Inc. (“3L Capital” and together with Haywood, the “Co-Lead Agents”), as co-lead agent, and a syndicate of agents (together with the Co-Lead Agents, the “Agents”) in connection with a private placement on a “best efforts” agency basis, to increase the size of the previously announced private placement to gross proceeds of up to $6,800,000 (the “Upsized Offering”).

Key Points: 
  • Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant of the Company (each whole purchase warrant, a “Warrant”).
  • Each Tranche 2 FT Unit will consist of one Common Share which will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Tax Act and one-half of one Warrant.
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Offered Securities effective December 31, 2023.
  • The Upsized Offering is subject to final acceptance of the TSX Venture Exchange.

Red Pine Announces C$6.3 Million Private Placement of Units, Tranche 1 Flow-Through Units, and Tranche 2 Flow-Through Units

Retrieved on: 
Friday, March 31, 2023

TORONTO, March 31, 2023 (GLOBE NEWSWIRE) --  Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), as co-lead agent and sole bookrunner, on behalf of 3L Capital Inc. (“3L Capital” and together with Haywood, the “Co-Lead Agents”), as co-lead agent, and a syndicate of agents (together with the Co-Lead Agents, the “Agents”) in connection with a private placement on a “best efforts” agency basis, for gross proceeds of up to $6,300,000 (the “Offering”).

Key Points: 
  • The Offering will consist of any combination of (i) units of the Company (the “Units”) at a price of $0.20 per Unit (the “Issue Price”); (ii) tranche 1 flow-through units of the Company (the "Tranche 1 FT Units") at a price of $0.235 per Tranche 1 FT Unit (the “Tranche 1 FT Issue Price”); and (iii) tranche 2 flow-through units of the Company (the "Tranche 2 FT Units" and together with the Units and Tranche 1 FT Units, the “Offered Securities”) at a price of $0.285 per Tranche 2 FT Unit (the “Tranche 2 FT Issue Price”).
  • Each Unit will consist of one common share in the capital of the Corporation (a “Common Share”) and one-half of one common share purchase warrant of the Corporation (each whole purchase warrant, a “Warrant”).
  • Each Tranche 2 FT Unit will consist of one Common Share which will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Tax Act and one-half of one Warrant.
  • All Qualifying Expenditures will be renounced in favour of the subscribers of the Offered Securities effective December 31, 2023.

York Space Systems Confirms Successful Communications with All Tranche 0 Satellites Just Hours After Launch

Retrieved on: 
Friday, April 7, 2023

DENVER, April 7, 2023 /PRNewswire/ -- York Space Systems (York), a Denver-based aerospace company dedicated to the rapid deployment of complete space mission solutions, today announced successful first contact with all eight York satellites delivered to orbit as part of the Space Development Agency's (SDA) Tranche 0 (T0) of the Proliferated Warfighter Space Architecture (PWSA).

Key Points: 
  • DENVER, April 7, 2023 /PRNewswire/ -- York Space Systems (York), a Denver-based aerospace company dedicated to the rapid deployment of complete space mission solutions, today announced successful first contact with all eight York satellites delivered to orbit as part of the Space Development Agency's (SDA) Tranche 0 (T0) of the Proliferated Warfighter Space Architecture (PWSA).
  • The York satellites launched on a SpaceX Falcon 9 rocket from Vandenberg Space Force Base on Sunday, April 2 and York confirmed successful first contact with all spacecraft on Monday, April 3.
  • Two additional York satellites are scheduled for the next SDA launch in June.
  • "We are thrilled to report that we have established communications with all spacecraft," said Dirk Wallinger, CEO of York.

Peraton Supports Successful Launch of 10 SDA Tranche 0 Satellites

Retrieved on: 
Tuesday, April 4, 2023

The SpaceX Falcon 9 rocket departed the atmosphere with ten SDA Tranche 0 satellites consisting of eight transport layer satellites and two tracking layer satellites.

Key Points: 
  • The SpaceX Falcon 9 rocket departed the atmosphere with ten SDA Tranche 0 satellites consisting of eight transport layer satellites and two tracking layer satellites.
  • Under Peraton's MSE&I indefinite delivery/indefinite quantity (IDIQ) contract, the company has provided full-lifecycle systems engineering and integration services for the SDA Tranche 0 system.
  • "We look forward to supporting the successful launch of the remaining Tranche 0 satellites in 2023 and the initialization of the constellation."
  • Peraton will continue working with the SDA Tranche 0 team to ensure a successful launch of the remaining satellites and the initialization of the Tranche 0 constellation.

Poxel Announces Cash Runway Extended Through Q2 2025 Based upon Debt Restructuring Agreement and New Equity-linked Financing Facility

Retrieved on: 
Thursday, March 23, 2023

With these agreements, assuming the full drawdown of the new equity-linked financing facility, the Company has extended its cash runway and expects to fund its operations and capital expenditure requirements through Q2 2025.

Key Points: 
  • With these agreements, assuming the full drawdown of the new equity-linked financing facility, the Company has extended its cash runway and expects to fund its operations and capital expenditure requirements through Q2 2025.
  • Based on the conservative forecast agreed upon by the Company and its lenders, amortization payments would be postponed until Q1 2025.
  • In addition, the agreement with IPF now offers more flexibility under the financial covenants, as detailed in the dedicated section below.
  • According to a schedule based on conservative TWYMEEG revenue projections, the Company expects the debt to be fully repaid in Q2 2029 at the latest.

Terran Orbital Reports Full Year 2022 Financial Results and Another Year of Record Revenues

Retrieved on: 
Tuesday, March 21, 2023

2022 revenue performance was negatively impacted by an estimated $7.0 million of EAC adjustments on certain firm fixed price programs.

Key Points: 
  • 2022 revenue performance was negatively impacted by an estimated $7.0 million of EAC adjustments on certain firm fixed price programs.
  • Cost of sales included an estimated negative impact of $11.3 million due to EAC adjustments on certain programs during 2022.
  • As of December 31, 2022, Terran Orbital had $93.6 million of cash on hand and approximately $302.2 million in gross debt obligations.
  • The live webcast will be accessible on the Terran Orbital Investor Relations website at investors.terranorbital.com .

Oxurion Issues EUR 2.8 million in Bonds for Tranche 1 (A) of Funding Program with Atlas Special Opportunities LL

Retrieved on: 
Monday, March 20, 2023

On March 14, 2023, the Company issued 112 convertible bonds to Atlas totaling EUR 2,800,000, including EUR 800,000 in bonds for the transaction commission.

Key Points: 
  • On March 14, 2023, the Company issued 112 convertible bonds to Atlas totaling EUR 2,800,000, including EUR 800,000 in bonds for the transaction commission.
  • Under the terms of the Subscription Agreement, Atlas has committed to subscribe to up to EUR 20.8 million in mandatorily convertible bonds over a 24-month period at Oxurion’s discretion.
  • The conversion price is set at an eight percent discount to the average VWAP over the three lowest days in the ten consecutive trading days prior to the conversion notice.
  • Following our recent update on our recruitment progress with this trial, we look forward to potentially to demonstrate the efficacy of our therapy in addressing this large unmet need.”

Terran Orbital’s Marc Bell Named to South Florida Business Journal’s 2023 Power Leaders 250 List

Retrieved on: 
Monday, March 6, 2023

Terran Orbital Corporation (NYSE: LLAP ), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Co-Founder, Chairman, and Chief Executive Officer Marc Bell has been named to South Florida Business Journal’s 2023 Power Leaders 250 List.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Co-Founder, Chairman, and Chief Executive Officer Marc Bell has been named to South Florida Business Journal’s 2023 Power Leaders 250 List.
  • View the full release here: https://www.businesswire.com/news/home/20230306005193/en/
    Terran Orbital’s Marc Bell Named to South Florida Business Journal’s 2023 Power Leaders 250 List (Image Credit: Terran Orbital Corporation)
    Bell is a serial entrepreneur and five-time unicorn founder.
  • In 2008, Bell took a $250 million SPAC public, acquiring startup Armour Residential REIT (NYSE: ARR).
  • “Being counted among South Florida’s 250 Power Leaders is an honor – especially at a time when South Florida is home to so many titans,” said Bell.