Rocket Lab Completes Merger with Vector Acquisition Corporation to Become Publicly Traded End-to-End Space Company
LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or the “Company”), a global leader in launch services and space systems, today announced that it completed its previously announced merger with Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”) to take Rocket Lab public. Vector’s shareholders approved the merger at an annual general meeting of Vector’s shareholders on August 20, 2021. The combined company will retain the Rocket Lab USA, Inc. name and will commence trading on the Nasdaq Capital Market on August 25, 2021, with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively.
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.
Rocket Lab wins NASA contract for Mars spacecraft as interplanetary missions become less costly
Rocket Lab, which is nearing the close of its SPAC deal to go public, announced Tuesday it won an early contract that may send two of its Photon spacecraft on a mission to Mars in 2024.
Aspect Software Announces Merger With Noble Systems
WESTFORD, Mass.--(BUSINESS WIRE)--Today, Aspect Software will merge with Noble Systems of Atlanta Georgia, to form Alvaria™, (pronounced: ahl-vahr-ee-uh), a new global company delivering optimized customer experience and workforce engagement software and cloud services technology solutions.
The Next Space Race—and How to Play It
Like many kids, Luca Rossettini wanted to go to space.
His wasn’t a typical childhood dream—one that fades away with age. Today, Rossettini, who was born in Vicenza, Italy, is an aerospace engineer with a doctorate in advanced space propulsion and a master’s in strategic leadership toward sustainability. He also served in Italy’s Folgore, an army paratrooper brigade.
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.