8-K
filed August 31, 2021, 7:59 PM ET
ticker RKLB
CIK 0001819994
M&A
confidence high
sentiment neutral
materiality 0.75
Rocket Lab completes SPAC merger with Vector Acquisition, raises $467M PIPE
Rocket Lab Corp
- Business combination closed Aug 25, 2021; New Rocket Lab common stock and warrants trade on Nasdaq under RKLB and RKLBW.
- PIPE investment of $467M at $10/share from 46.7M shares issued to investors.
- Post-combination outstanding shares: 447.9M; warrants for 16.3M shares at $11.50; 17.96M options; 14.9M RSUs.
- Earnout shares up to 32.15M if stock price >= $20 for 20 of 30 days between 90th and 180th day post-closing.
- Registration rights agreement for 341.4M shares; 180-day lockup for sponsor and certain holders.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Spice was appointed as Chief Financial Officer at Rocket Lab Corp.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Adam Spice was appointed as New Rocket Lab’s Chief Financial Officer (serving as principal financial officer and principal accounting officer)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Kennedy resigned as Director at Rocket Lab Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
David Kennedy and John Herr resigned as members of Vector’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shaun O'Donnell was appointed as Executive Vice President, Global Operations at Rocket Lab Corp.
- Action
- appointed
- Role
- Executive Vice President, Global Operations
Exact text from the filing
Shaun O’Donnell was appointed as New Rocket Lab’s Executive Vice President, Global Operations
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jon Olson was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matt Ocko was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Merline Saintil was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Beck was appointed as President, Chief Executive Officer and Chairman at Rocket Lab Corp.
- Action
- appointed
- Role
- President, Chief Executive Officer and Chairman
Exact text from the filing
Peter Beck was appointed as New Rocket Lab’s President, Chief Executive Officer and Chairman
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Herr resigned as Director at Rocket Lab Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
David Kennedy and John Herr resigned as members of Vector’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Cowan was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sven Strohband was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Beck was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alex Slusky was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Jon Olson, Merline Saintil, and Alex Slusky were designated as the Class I directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Griffin was appointed as Director at Rocket Lab Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
Peter Beck, David Cowan, Michael Griffin, Sven Strohband, Matt Ocko, Merline Saintil, and Jon Olson were appointed as directors of New Rocket Lab
View on SEC.gov
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