Vector Acquisition Corporation Shareholders Approve Proposed Merger With Rocket Lab

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”), a global leader in launch and space systems, at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of less than 3% of its Class A ordinary shares have properly exercised their right to redeem their shares in connection with the proposed merger. As a result, the gross amount of cash that that the combined company will receive from Vector’s trust account and concurrent PIPE financing upon the closing of these transactions, before transaction expenses, will equal approximately $777 million.

Vector Capital Strengthens Investment and Investor Relations Teams With Five Promotions and New Senior Hire

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has promoted five individuals across its investment and value creation teams. Sandy Gill has been promoted to Managing Director, and Stephen Goodman, Amir Ravandoust, Gabriel Shields-Estrada, and Tom Smith have been promoted to Principal.

Vector Acquisition Corporation Announces Effectiveness of Registration Statement and Annual Meeting

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.

Vector Acquisition Corporation II Announces Closing of Upsized $450 Million Initial Public Offering

SAN FRANCISCO--(BUSINESS WIRE)--Vector Acquisition Corporation II (the “Company”), a special purpose acquisition company led by Alex Slusky and formed for the purpose of entering into a combination with one or more businesses, today announced the closing of its upsized initial public offering of 45,000,000 Class A ordinary shares at a price of $10.00 per share. Total gross proceeds from the offering were $450 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The Class A ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol “VAQC” on March 10, 2021.

Rocket Lab Is a Mini-SpaceX That Investors Can Buy Today

There’s a space company capturing the imagination of investors that engineers its own rockets, has launched dozens of satellites into orbit, and has planned missions to the Moon, Mars, and even Venus

Rocket Lab, an End-to-End Space Company and Global Leader in Launch, to Become Publicly Traded Through Merger with Vector

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch and space systems, and Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a special purpose acquisition company backed by leading technology investor Vector Capital, announced today that they have entered into a definitive merger agreement that will result in Rocket Lab becoming a publicly traded company. The transaction is estimated to be completed in Q2 2021 and, at that time, Vector will change its name to Rocket Lab USA, Inc. and the combined company will trade under the Nasdaq ticker symbol RKLB.

Rocket Lab Reaches Deal to Merge With Vector SPAC

Space-transportation startup Rocket Lab USA Inc. reached a deal to go public by merging with a special-purpose acquisition company, as a wave of such deals rolls on.

Rocket Lab struck a deal with Vector Acquisition Corp. that would value the U.S.-New Zealand startup at around $4.1 billion including debt, the company said Monday. The Wall Street Journal reported Sunday such a deal was imminent.

Small-launch leader Rocket Lab going public via a SPAC, with plans for bigger Neutron rocket

Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than $4 billion when the deal closes.

Vector Capital to Acquire Mood Media

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has entered into a definitive agreement to acquire Mood Media, the world's leading in-store media solutions company dedicated to elevating the Customer Experience. Under the terms of the agreement, Vector Capital will make a meaningful equity investment in Mood Media’s business, and the company’s existing lenders, including investment funds and accounts managed by HPS Investment Partners, LLC, will continue to support Mood Media with a new credit facility at closing.

Vector Capital Appoints Anupam Banerjee Managing Director and Head of Value Creation

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced Anupam Banerjee has joined the firm as a Managing Director and Head of Value Creation. At Vector Capital, Mr. Banerjee will work with the firm’s investment team to underwrite new investments and assist portfolio companies to develop and execute go-to-market strategies, drive growth, and improve profitability.