M&A - Rocket Lab USA, Inc.

Form Type: 424B5

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525052055

Filing Summary: Rocket Lab USA, Inc. is conducting an offering of common stock worth up to $500,000,000 via a sales agreement with several financial institutions. Up to 29,205,607 shares may be sold at a reported price of $17.12 per share. Furthermore, the company has entered into a non-binding term sheet with lenders for acquiring a controlling equity position in Mynaric AG, a provider of laser optical communications. This potential acquisition is contingent on Mynaric completing its restructuring under German law. If the acquisition proceeds, Rocket Lab may use proceeds from this stock offering to fund the initial purchase price of $75 million, which can be settled in cash or stock. The acquisition deal includes conditions for a definitive agreement based on completion of due diligence and regulatory approvals. The financial implications and risks of this deal are outlined, noting potential dilution effects and highlighting the discretion management holds in fund allocation. The offering and potential acquisition are structured to enhance Rocket Lab's operational capabilities in the space market, which it aims to leverage for future growth.

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