Launch and space systems company Rocket Lab and Vector Acquisition announced today that they have entered into a definitive merger agreement that values the combined company at $4.1 billion. The transaction is expecte to be completed in the second quarter when the newly formed company, \Rocket Lab USA, will trade on the Nasdaq under RKLB.
The transaction includes up to $320 million of cash held in Vector Acquisition’s trust account (assuming no redemptions by Vector’s public shareholders), and a concurrent $470 million PIPE of common stock, priced at $10 per share and led by Vector Capital, BlackRock and Neuberger Berman and other institutional investors. Read more.
