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Ownership Report - January 28, 2022
Linden Capital exits RKLB stake, now holds 0 shares (0%).
Brief
This SC 13G/A Amendment No. 2 discloses that Linden Capital L.P. and affiliates ceased beneficial ownership of more than 5% of Rocket Lab USA Inc.'s common stock as of Dec 31, 2021, reporting zero shares owned. Filed under Rule 13d-1(c) as passive investors, amending prior 2020/2021 filings. Relevant for investors tracking major shareholder changes post-SPAC merger.
Detailed Brief
Rocket Lab USA Inc. (RKLB), a space launch provider that went public via SPAC merger with Vector Acquisition Corp. in late 2021, is the subject of this Schedule 13G Amendment No. 2 filed Jan 28, 2022. Reporting persons—Linden Capital L.P. (Bermuda LP), Linden Advisors LP and Linden GP LLC (Delaware entities), and Siu Min Wong—previously disclosed >5% stakes in initial 13G (Oct 5, 2020) and Amendment 1 (Feb 8, 2021). Item 4 explicitly states they ceased >5% ownership as of Dec 31, 2021, with all powers (voting/dispositive) at zero shares (0.0%). This exit filing under Rule 13d-1(c) confirms passive intent, no control purpose. Implications tie to post-merger liquidity; likely sold shares amid volatility, reducing institutional ownership concentration without activist pressure.
Key Telemetry
- • Linden group ceased >5% ownership as of Dec 31, 2021; now beneficially owns 0 shares (0.0%).
- • Filed Jan 28, 2022 as Amendment No. 2 under Rule 13d-1(c) for passive investors.
- • Previous disclosures: Original 13G Oct 5, 2020; Amend 1 Feb 8, 2021.
- • No voting or dispositive power reported.
- • Certifies no intent to influence control.
Risk Signals
Impact Vector
For RKLB investors, this passive investor's complete exit signals potential profit-taking or rebalancing post-SPAC, possibly contributing to selling pressure already reflected in shares by YE 2021. No strategic shift or control risk, as non-activist. Near-term neutral; monitor 13F/13G filings for other institutional moves and ownership stability amid Rocket Lab's growth in launches and Neutron rocket development.