secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Lab Corp (RKLB)
CIK:        0001819994
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001628280-25-001137
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Lab completes preferred stock exchange with founder, issuing 50.95M Series A shares
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- On Jan 7, 2025, Rocket Lab issued 50,951,250 shares of Series A Convertible Participating Preferred Stock to Sir Peter Beck's trust.
- Each preferred share is convertible into common at holder's option; automatic conversion on transfer, CEO departure, death, or <5% beneficial ownership.
- Holders voting as a separate class may elect at least one director (or 10% of board if board exceeds 10 members).
- Preferred stock is not redeemable by the company; liquidation preference of $0.0001 per share, then participates pari passu with common.
- Exchange previously disclosed on Dec 3, 2024; consummation filed Certificate of Designation with Delaware Secretary of State.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819994/000162828025001137/0001628280-25-001137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819994/000162828025001137/rklb-20250107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-001137

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