Rocket Lab SEC Filings

Vector Acquisition Corporation entered a merger agreement with Rocket Lab USA, Inc. on March 1, 2021, for a business combination valuing Rocket Lab at ~$4B. Includes $467M PIPE financing; expected to close Q2 2021 subject to approvals. Rocket Lab to go public via SPAC.

This SC 13G filing discloses that Glazer Capital, LLC and Paul J. Glazer beneficially own 2,710,619 Class A Ordinary Shares (9.0%) of Vector Acquisition Corp as of December 31, 2020. Filed under Rule 13d-1(b) as passive investors with no intent to influence control. Relevant to Rocket Lab investors as Vector was the SPAC that merged with Rocket Lab in 2021, carrying over this stake.

This SC 13G discloses Vector Acquisition Partners, L.P. (SPAC sponsor) and its general partner beneficially own 7.95M Class B shares of Vector Acquisition Corp, representing 19.9% as of Dec 31, 2020. Shares are convertible to Class A upon business combination. Relevant to RKLB investors as pre-merger ownership by SPAC sponsor.

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.

This SC 13G/A amendment discloses Millennium Management affiliates' beneficial ownership of 2,584,094 Class A ordinary shares (8.6%) in Vector Acquisition Corp as of Dec 31, 2020. Holdings span shares and units via entities like Integrated Core Strategies and ICS Opportunities. As a passive investor filing, it signals no control intent; relevant for Rocket Lab investors as Vector was the SPAC that merged with Rocket Lab in 2021.

Vector Acquisition Corporation announced on November 16, 2020, that holders of its units may elect to separate and trade Class A ordinary shares and warrants independently on NASDAQ. Units consist of one share and one-third warrant; unseparated units continue trading as VACQU. No financial impact quantified; routine SPAC liquidity event pre-Rocket Lab merger.

Vector Acquisition Corp (SPAC) reported $0 revenue for inception (Jul 28, 2020) to Sep 30. Net loss of $0.02M from formation costs; no margins applicable. $300M in Trust Account, $0.92M cash outside for working capital.

Vector Acquisition Corp closed partial exercise of underwriters' over-allotment option on Oct 20, 2020, selling 2M additional units at $10 each for $20M gross proceeds. Also sold 266,667 private warrants to sponsor for $400k. Trust account increased to $320M total.

Vector Acquisition Partners, L.P., 10% owner of SPAC Vector Acquisition Corp (pre-RKLB merger), reported automatic cancellation of 625,000 Class B founder shares. Transaction triggered by underwriters' partial over-allotment exercise. Neutral signal as contractual forfeiture.