secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Lab Corp (RKLB)
CIK:        0001819994
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001193125-21-262190
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.06, 5.02, 3.02, 9.01, 4.01, 3.03, 5.03, 5.01, 5.05, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Lab completes SPAC merger with Vector Acquisition, raises $467M PIPE
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819994/000119312521262190/0001193125-21-262190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819994/000119312521262190/d175539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-262190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer