https://techcrunch.com/2021/10/28/satellite-manufacturer-terran-orbital-to-go-public-in-1-58b-spac-merger/

Terran Orbital, a leading manufacturer of small satellites, is going public in a merger with special purpose acquisition company (SPAC) Tailwind Two Acquisition Corp. The deal has a post-transaction enterprise value of $1.58 billion and will furnish the company with around $470 million.

Of those funds, $345 million will come from Tailwind Two’s contribution, plus $50 million PIPE provided by AE Industrial Partners, Beach Point Capital, Daniel Staton, Lockheed Martin and Fuel Venture Capital. An additional $75 million has been committed by Francisco Partners and Beach Point Capital, and the company may have access to up to $125 million in debt commitments from Francisco Partners and Lockheed Martin at the close of the transaction.