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Ownership Report - February 8, 2021
Linden Advisors reports 6.6% passive stake in Vector Acquisition Corp SPAC as of Dec 31, 2020.
Brief
This SC 13G/A amendment updates passive beneficial ownership in Vector Acquisition Corp., the SPAC that merged with Rocket Lab. Linden Advisors LP and Siu Min Wong hold 1,980,325 Class A shares (6.6%), while Linden Capital L.P. and Linden GP LLC hold 1,771,354 shares (5.9%) as of December 31, 2020. Investors should note this institutional interest pre-merger.
Detailed Brief
Filed February 8, 2021 (signed February 4), this Amendment No. 1 to Schedule 13G under Rule 13d-1(c) discloses updated holdings in Vector Acquisition Corp.'s Class A Ordinary Shares (CUSIP G9442R100) as of December 31, 2020, amending the original filing from October 5, 2020. Reporting persons are Linden Capital L.P. (Bermuda LP), Linden GP LLC (Delaware LLC, GP), Linden Advisors LP (Delaware LP, investment advisor), and Siu Min Wong (individual, ultimate control). Linden Advisors and Wong beneficially own 1,980,325 shares (6.6% of 30M outstanding per 10-Q), comprising 1,771,354 shares in Linden Capital and 208,971 in managed accounts. All report shared voting/dispositive power, no sole power. Certification confirms passive investment, not for control or influence. Vector was the SPAC that de-SPACed Rocket Lab in 2021, so this stake likely converted post-merger, signaling pre-merger hedge fund confidence.
Key Telemetry
- • Linden Advisors LP & Siu Min Wong: 1,980,325 shares (6.6%) as of Dec 31, 2020.
- • Linden Capital L.P. & Linden GP LLC: 1,771,354 shares (5.9%).
- • Passive investor per Rule 13d-1(c); no control intent.
- • Based on 30M shares outstanding per Vector's Nov 16, 2020 10-Q.
- • Amendment to original SC 13G filed Oct 5, 2020.
Impact Vector
For Rocket Lab (RKLB) investors, this reflects hedge fund Linden Advisors' significant passive 6.6% stake in the pre-merger SPAC, indicating institutional backing ahead of the 2021 de-SPAC. Near-term neutral as passive with no activism; strategically positive for pre-merger valuation confidence. Monitor future 13D/G amendments or Form 4s for sales or shifts to active stance.