---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-010561"
form_type: "8-K"
ticker: "RKLB"
cik: "0001819994"
company_name: "Rocket Lab Corp"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:02:07.066631+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rocket Lab prices upsized $300M 4.25% convertible notes due 2029, plans $40M debt repayment

## Summary
- Upsized offering from $275M to $300M; initial conversion price ~$5.13/share (27.5% premium over $4.02 close).
- Notes accrue 4.25% interest semi-annually, mature Feb. 1, 2029; proceeds ~$290.2M ($343.5M if full option exercised).
- Plans to use ~$36.5M for capped call transactions to reduce dilution, ~$40M to repay equipment financing debt.
- Remainder for working capital/general corporate purposes, including potential acquisitions.
- Entered capped call transactions with cap price $8.04/share (100% premium) to offset conversion dilution.

## SEC filing metadata
- accession: 0000950170-24-010561
- form_type: 8-K
- ticker: RKLB
- cik: 0001819994
- company_name: Rocket Lab Corp
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819994/000095017024010561/0000950170-24-010561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819994/000095017024010561/rklb-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-010561
- JSON: https://secwatch.observer/filing/0000950170-24-010561.json
- Plain text: https://secwatch.observer/filing/0000950170-24-010561.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.