## Filing Overview
**Filing Date**: 2021-06-25
**Type of Filing**: [[Filing Definitions#Form S-4|Form S-4]]
**Registrant**: Vector Acquisition Corporation
**Target Entity**: Rocket Lab USA, Inc.
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## Notes
- This Form S-4 relates to the proposed business combination between **Vector Acquisition Corporation** and **Rocket Lab USA, Inc.**, where Rocket Lab will become a publicly traded company.
- Key transactions include:
- **Domestication**: Vector will change its jurisdiction of incorporation from the Cayman Islands to Delaware.
- **Mergers**: Rocket Lab will merge with Vector, resulting in the newly formed entity, "New Rocket Lab."
- Issuance of up to **482,266,666 shares** of "New Rocket Lab" common stock to complete the transaction.
- Additional agreements:
- **PIPE Financing**: 46,700,000 shares to be sold at $10.00 per share, generating $467 million.
- **Management Redemption Agreement**: Rocket Lab will repurchase shares from management for $40 million.
- Post-transaction ownership structure:
- Rocket Lab holders: ~82%.
- Vector public shareholders: ~6.6%.
- PIPE investors: ~9.7%.
### Key Implications:
- The business combination is contingent on shareholder approvals and compliance with Nasdaq listing requirements.
- Public shareholders have the option to redeem shares at ~$10 per share if they dissent.
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## Filing
![[9c907159-748d-437f-9b48-e0f28835e015.pdf]]