**Date:** 2024-02-07
**Net Proceeds:** $300,300,000
**Valuation:** $2,690,000,000
>[!summary]
>- $300.3 million of net proceeds after adjusting for $43.2 million of capped call costs and approximately $11.5 million of underwriting costs and estimated offering expenses
>- Interest rate of 4.25% per year, payable semi-annually in arrears on February 1 and August 1 of each year, beginning August 1, 2024
>- Initial conversion rate of 195.1029 shares of common stock per $1,000 principal amount of notes, which represents a conversion price of approximately $5.13 per share
>- The notes will not be redeemable before February 1, 2027
>- Effective conversion price of $8.04 after giving effect to the capped call transactions
## š **SEC Filings**:
- [[2-02-24 8-K - Convertible Senior Notes]]
- [[2-07-24 8-K - Convertible Senior Notes]]
## š Sources
https://finance.yahoo.com/news/rocket-lab-announces-closing-upsized-120000320.html
![[Pasted image 20241125224421.png]]