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VACQ Stock: 13 Things to Know About Vector Acquisition and the Rocket Labs SPAC Merger

Vector Acquisition (NASDAQ:VACQ) stock is on the rise Monday after the special purpose acquisition company (SPAC) announced plans for a merger with Rocket Labs.

The letters "M&A" on a wooden table, surrounded by a calculator and other business items. mergers and acquisitions


Here’s everything potential investors in VACQ stock need to know about the companies and the deal.

  • Vector Acquisition is a blank-check company created with the goal of taking a private company public via a SPAC merger.
  • It has the financial support of Vector Capital.
  • The company’s CEO is tech investor Alex Slusky.
  • Slusky also serves as the founder and chief investment officer of Vector Capital.
  • Rocket Labs is a company that specializes in launch and space system services.
  • It works with private and public organizations to launch satellites into orbit.
  • As of this writing, the company has placed 97 satellites in orbit.
  • The Rocket Labs SPAC merger values the company at $4.1 billion.
  • When the deal closes, the new company will operate under the name Rocket Lab USA, Inc..
  • This will also see shares of VACQ stock change over to the new RKLB stock ticker.
  • The new company will have roughly $750 million in cash on its balance sheet.
  • That comes from cash currently held by Rocket Labs, $320 million held in trust by Vector Acquisition, and $470 million from private investment in public equity (PIPE).
  • Vector Acquisition and Rocket Labs are expecting the SPAC merger to close in the second quarter of 2021.

VACQ stock was up 27.9% as of Monday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media,

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