BRIEF-Rocket Lab To Become Publicly Traded Through Merger With Vector Acquisition Corp

Reuters2021-03-01

March 1 (Reuters) - Vector Acquisition Corp :

* ROCKET LAB, AN END-TO-END SPACE COMPANY AND GLOBAL LEADER IN LAUNCH, TO BECOME PUBLICLY TRADED THROUGH MERGER WITH VECTOR ACQUISITION CORPORATION

* VECTOR ACQUISITION CORP - BUSINESS COMBINATION VALUES ROCKET LAB AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF $4.1 BILLION

* VECTOR ACQUISITION CORP - PRO FORMA CASH BALANCE OF COMBINED COMPANY OF APPROXIMATELY $750 MILLION AT CLOSE

* VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS THAT IT WILL GENERATE POSITIVE ADJUSTED EBITDA IN 2023

* VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS POSITIVE CASH FLOWS IN 2024 AND MORE THAN $1 BILLION IN REVENUE IN 2026

* VECTOR ACQUISITION CORP - ROCKET LAB WILL BE PUBLICLY LISTED ON NASDAQ UNDER TICKER RKLB

* VECTOR ACQUISITION CORP - CURRENT ROCKET LAB SHAREHOLDERS WILL OWN 82% OF PRO FORMA EQUITY OF COMBINED COMPANY

* VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS COMMITTED TO PARTICIPATE IN DEAL THROUGH SIGNIFICANTLY OVERSUBSCRIBED PIPE OF ABOUT $470 MILLION

* VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS PARTICIPATING INCLUDE VECTOR CAPITAL, BLACKROCK AND NEUBERGER BERMAN

* VECTOR ACQUISITION CORP - FOLLOWING CLOSING OF DEAL, COMPANY WILL CONTINUE TO BE LED BY FOUNDER AND CEO PETER BECK

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2116537184?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-01 19:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2116537184","market":"us","top_or_hot":-1,"title":"BRIEF-Rocket Lab To Become Publicly Traded Through Merger With Vector Acquisition Corp","media":"Reuters","content":"<html><body><p>March 1 (Reuters) - <a href=\"https://laohu8.com/S/VACQ\">Vector Acquisition Corp</a>   :</p><p>   * ROCKET LAB, AN END-TO-END SPACE COMPANY AND GLOBAL LEADER IN LAUNCH, TO BECOME PUBLICLY TRADED THROUGH MERGER WITH VECTOR ACQUISITION CORPORATION</p><p>   * VECTOR ACQUISITION CORP - BUSINESS COMBINATION VALUES ROCKET LAB AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF $4.1 BILLION</p><p>   * VECTOR ACQUISITION CORP - PRO FORMA CASH BALANCE OF COMBINED COMPANY OF APPROXIMATELY $750 MILLION AT CLOSE</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS THAT IT WILL GENERATE POSITIVE ADJUSTED EBITDA IN 2023</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS POSITIVE CASH FLOWS IN 2024 AND MORE THAN $1 BILLION IN REVENUE IN 2026</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB WILL BE PUBLICLY LISTED ON NASDAQ UNDER TICKER RKLB</p><p>   * VECTOR ACQUISITION CORP - CURRENT ROCKET LAB SHAREHOLDERS WILL OWN 82% OF PRO FORMA EQUITY OF COMBINED COMPANY</p><p>   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS COMMITTED TO PARTICIPATE IN DEAL THROUGH SIGNIFICANTLY OVERSUBSCRIBED PIPE OF ABOUT $470 MILLION</p><p>   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS PARTICIPATING INCLUDE VECTOR CAPITAL, BLACKROCK AND NEUBERGER BERMAN</p><p>   * VECTOR ACQUISITION CORP - FOLLOWING CLOSING OF DEAL, COMPANY WILL CONTINUE TO BE LED BY FOUNDER AND CEO PETER BECK</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Rocket Lab To Become Publicly Traded Through Merger With Vector Acquisition Corp</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Rocket Lab To Become Publicly Traded Through Merger With Vector Acquisition Corp\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-01 19:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>March 1 (Reuters) - <a href=\"https://laohu8.com/S/VACQ\">Vector Acquisition Corp</a>   :</p><p>   * ROCKET LAB, AN END-TO-END SPACE COMPANY AND GLOBAL LEADER IN LAUNCH, TO BECOME PUBLICLY TRADED THROUGH MERGER WITH VECTOR ACQUISITION CORPORATION</p><p>   * VECTOR ACQUISITION CORP - BUSINESS COMBINATION VALUES ROCKET LAB AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF $4.1 BILLION</p><p>   * VECTOR ACQUISITION CORP - PRO FORMA CASH BALANCE OF COMBINED COMPANY OF APPROXIMATELY $750 MILLION AT CLOSE</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS THAT IT WILL GENERATE POSITIVE ADJUSTED EBITDA IN 2023</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS POSITIVE CASH FLOWS IN 2024 AND MORE THAN $1 BILLION IN REVENUE IN 2026</p><p>   * VECTOR ACQUISITION CORP - ROCKET LAB WILL BE PUBLICLY LISTED ON NASDAQ UNDER TICKER RKLB</p><p>   * VECTOR ACQUISITION CORP - CURRENT ROCKET LAB SHAREHOLDERS WILL OWN 82% OF PRO FORMA EQUITY OF COMBINED COMPANY</p><p>   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS COMMITTED TO PARTICIPATE IN DEAL THROUGH SIGNIFICANTLY OVERSUBSCRIBED PIPE OF ABOUT $470 MILLION</p><p>   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS PARTICIPATING INCLUDE VECTOR CAPITAL, BLACKROCK AND NEUBERGER BERMAN</p><p>   * VECTOR ACQUISITION CORP - FOLLOWING CLOSING OF DEAL, COMPANY WILL CONTINUE TO BE LED BY FOUNDER AND CEO PETER BECK</p><p>Source text for Eikon:    Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VACQU","symbol_name":"Vector Acquisition Corporation","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2116537184","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2116537184","pubTimestamp":1614598492,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"March 1 (Reuters) - Vector Acquisition Corp   :   * ROCKET LAB, AN END-TO-END SPACE COMPANY AND GLOB","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VACQU":"Vector Acquisition Corporation","BLK":"贝莱德"},"translate_title":"Rocket实验室将与Vector Acquisition公司合并上市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VACQ":1,"BLK":0.9,"VACQU":1,"VACQW":1},"content_text":"March 1 (Reuters) - Vector Acquisition Corp   :   * ROCKET LAB, AN END-TO-END SPACE COMPANY AND GLOBAL LEADER IN LAUNCH, TO BECOME PUBLICLY TRADED THROUGH MERGER WITH VECTOR ACQUISITION CORPORATION   * VECTOR ACQUISITION CORP - BUSINESS COMBINATION VALUES ROCKET LAB AT AN IMPLIED PRO FORMA ENTERPRISE VALUE OF $4.1 BILLION   * VECTOR ACQUISITION CORP - PRO FORMA CASH BALANCE OF COMBINED COMPANY OF APPROXIMATELY $750 MILLION AT CLOSE   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS THAT IT WILL GENERATE POSITIVE ADJUSTED EBITDA IN 2023   * VECTOR ACQUISITION CORP - ROCKET LAB FORECASTS POSITIVE CASH FLOWS IN 2024 AND MORE THAN $1 BILLION IN REVENUE IN 2026   * VECTOR ACQUISITION CORP - ROCKET LAB WILL BE PUBLICLY LISTED ON NASDAQ UNDER TICKER RKLB   * VECTOR ACQUISITION CORP - CURRENT ROCKET LAB SHAREHOLDERS WILL OWN 82% OF PRO FORMA EQUITY OF COMBINED COMPANY   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS COMMITTED TO PARTICIPATE IN DEAL THROUGH SIGNIFICANTLY OVERSUBSCRIBED PIPE OF ABOUT $470 MILLION   * VECTOR ACQUISITION CORP - INSTITUTIONAL INVESTORS PARTICIPATING INCLUDE VECTOR CAPITAL, BLACKROCK AND NEUBERGER BERMAN   * VECTOR ACQUISITION CORP - FOLLOWING CLOSING OF DEAL, COMPANY WILL CONTINUE TO BE LED BY FOUNDER AND CEO PETER BECKSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2116537184","isCrawlerRequest":true}