Jan 21 (Reuters) -

* TERRAFORM LABS -ANNOUNCES STRATEGIC FILING FOR CHAPTER 11 PROTECTION

* TERRAFORM LABS -FILING WILL ALLOW TFL TO EXECUTE ON ITS BUSINESS PLAN WHILE NAVIGATING ONGOING LEGAL PROCEEDINGS

* TERRAFORM LABS -FILING WILL ALLOW REPRESENTATIVE LITIGATION PENDING IN SINGAPORE AND U.S. LITIGATION INVOLVING THE SECURITIES AND EXCHANGE COMMISSION

* TERRAFORM LABS- INTENDS TO MEET FINANCIAL OBLIGATIONS TO EMPLOYEES AND VENDORS DURING THE CHAPTER 11 CASE AND DOES NOT REQUIRE ADDITIONAL FINANCING

* TERRAFORM LABS- TFL PLANS TO CONTINUE EXPANDING ITS WEB3 OFFERINGS Source