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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

Source: Shutterstock.com

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, https://investorplace.com/2021/03/vacq-stock-13-things-to-know-about-vector-acquisition-and-the-rocket-labs-spac-merger/.

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