LONG BEACH, Calif. (Vector Acquisition Corp. PR) — Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that its Annual Meeting of the Company’s shareholders (“Annual Meeting”) to consider the previously announced business combination (“Business Combination”) with Rocket Lab USA, Inc. (“Rocket Lab”), a global leader in launch and space systems, has been set for August 20, 2021. Shareholders of record as of the close of business on June 30, 2021 (“Record Date”) are eligible to vote at the Annual Meeting.
Vector also announced that the U.S. Securities and Exchange Commission (“SEC”) has declared effective its registration statement on Form S-4 (“Registration Statement”), which includes a definitive proxy statement/prospectus to be used in connection with the Annual Meeting. The Registration Statement is available on Rocket Lab’s investor website at https://www.rocketlabusa.com/investors and www.sec.gov, and is being mailed to shareholders of record starting on or about July 21, 2021.
Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively.
“This is an important milestone for Rocket Lab, a world-leading space company with an exceptional track record of delivering performance and reliability,” said Alex Slusky, CEO of Vector and Founder & Chief Investment Officer of Vector Capital. “The Company has continued to deliver end-to-end space solutions across launch and space systems as it prepares to enter its next phase of evolution as a public company, furthering our conviction in Rocket Lab’s long-term potential.”
“We are delighted to announce this significant next step on Rocket Lab’s path to becoming a publicly traded space company,” said Peter Beck, CEO and Founder of Rocket Lab. “Since inception, Rocket Lab has demonstrated consistent execution across launch and space systems. Our team has deployed more than 100 satellites to space across 17 orbital launches, designed and manufactured Photon spacecraft currently operating on orbit, and been awarded contracts for Photon missions to the Moon and Mars. This transaction will enable us to build on these achievements and further cement Rocket Lab’s position as a leader in the rapidly growing space industry. We are excited to bring a high-quality asset to the Nasdaq as we continue to seize on growth opportunities and unlock the full potential of space.”
Since the Business Combination was announced in March 2021, Rocket Lab has continued to make significant advances in the following areas of its business, including:
- Launching its 17th orbital mission and bringing the total number of satellites deployed by Rocket Lab to 104;
- Winning a Mars mission that will see Rocket Lab design two Photon spacecraft in support of the University of California Berkley Space Sciences Laboratory for a NASA science mission;
- Signing a launch services agreement for five dedicated Electron launches to deploy satellites for BlackSky’s geospatial intelligence constellation;
- Securing a contract to manufacture and operate three Photon spacecraft to enable in-space manufacturing;
- Signing launch services agreements with three new commercial satellite customers;
- Winning a contract to develop a Mission Operations Control Center (MOCC) for MethaneSAT, a global satellite mission created to foster and accelerate reductions in the emissions of methane;
- Shipping the first reaction wheel engineering units to supply a mega-constellation customer;
- Successfully recovering a full Electron first stage after launching it to space, accelerating plans to make Electron a reusable rocket;
- Welcoming seasoned technology leaders Merline Saintil and Jon A. Olsen to the Rocket Lab Board of Directors.
Vector recommends all shareholders vote “FOR” ALL PROPOSALS in advance of the Annual Meeting by telephone, via the Internet or by signing, dating and returning the proxy card upon receipt by following the simple instructions on the proxy card.
Your Vote “FOR” ALL Proposals Is Important, No Matter How Many or How Few Shares You Own!
If you have any questions or need assistance voting, please contact Morrow Sodali by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing VACQ.email@example.com.
About Rocket Lab
Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab has two launch sites, including a private orbital launch site located in New Zealand, and a second launch site in Virginia, USA expected to be operational by the end of 2021. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. To learn more, visit www.rocketlabusa.com.
Vector (Nasdaq: VACQ) is a blank check company led by veteran technology investor Alex Slusky. In addition to serving as CEO of Vector, Mr. Slusky is Founder and Chief Investment Officer of Vector Capital, a private investment firm focused on the technology sector. He has more than 25 years of experience investing in and operating private and public technology companies as well a deep understanding of trends, market cycles, vertical expertise, and the proven ability to identify, diligence, structure, and transform technology businesses. The company leverages the full resources of Vector Capital to transform operations and accelerate growth of its target investments. For additional information, visit https://www.vectorcapital.com.