8-K
filed June 5, 2023, 7:59 PM ET
CIK 0001843388
other material
confidence high
sentiment negative
materiality 0.85
Virgin Orbit Holdings, Inc.: M&A transaction — Virgin Orbit closes ~$36.5M asset sales in bankruptcy: Rocket Lab, Stratolaunch, others
Virgin Orbit Holdings, Inc.
- Rocket Lab bought Long Beach facility assets for $16.1M.
- Stratolaunch acquired Cosmic Girl (Boeing 747) for $17.0M.
- Inliper paid $650k for McGowen equipment; Launcher paid $2.7M for Mojave equipment.
- All sales completed June 2-5, 2023 under Chapter 11 plan.
Key facts
Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Virgin Orbit Holdings, Inc. completed a disposition involving Rocket Lab USA, Inc. for $16.1 million (closed 2023-06-02).
- Action
- disposition
- Counterparty
- Rocket Lab USA, Inc.
- Consideration
- $16.1 million
- Closing
- 2023-06-02
Exact text from the filing
On June 2, 2023, pursuant to an asset purchase agreement with Rocket Lab USA, Inc. (“Rocket Lab”), Rocket Lab assumed the Company’s commercial lease in Long Beach, California and completed the purchase of specified assets from the Debtors, including machinery and equipment located at such facility, for an aggregate purchase price of $16.1 million.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Virgin Orbit Holdings, Inc. completed a disposition involving Inliper Acquisition, LLC and Liquidity Services Operations, LLC for $650,000 (closed 2023-06-02).
- Action
- disposition
- Counterparty
- Inliper Acquisition, LLC and Liquidity Services Operations, LLC
- Consideration
- $650,000
- Closing
- 2023-06-02
Exact text from the filing
On June 2, 2023, pursuant to an asset purchase agreement with Inliper Acquisition, LLC and Liquidity Services Operations, LLC (together, “Inliper”), the Company completed the sale of specified assets to Inliper, including machinery and equipment located at the Company’s McGowen facility in Long Beach, California, for an aggregate purchase price of $650,000.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Virgin Orbit Holdings, Inc. completed a disposition involving Launcher, Inc for $2.7 million (closed 2023-06-02).
- Action
- disposition
- Counterparty
- Launcher, Inc
- Consideration
- $2.7 million
- Closing
- 2023-06-02
Exact text from the filing
On June 2, 2023, pursuant to an asset purchase agreement with Launcher, Inc (“Launcher”), the Company completed the sale of specified assets to Launcher, including machinery and equipment located at the Company’s facility in Mojave, California, for an aggregate purchase price of $2.7 million.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Virgin Orbit Holdings, Inc. completed a disposition involving Stratolaunch, LLC for $17.0 million (closed 2023-06-05).
- Action
- disposition
- Counterparty
- Stratolaunch, LLC
- Consideration
- $17.0 million
- Closing
- 2023-06-05
Exact text from the filing
On June 5, 2023, pursuant to a stalking horse asset purchase agreement with Stratolaunch, LLC (“Stratolaunch”), the Company completed the sale of specified assets to Stratolaunch, including the Company’s specially modified Boeing 747 aircraft, known as Cosmic Girl, and certain other specifically scheduled assets primarily related to the aircraft, for an aggregate purchase price of $17.0 million.
View on SEC.gov
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