Rocket Lab Raises $474M in ATM Offering, Up to $642M via Collared Forwards
On March 17, Rocket Lab sold 6,726,862 shares through an at-the-market program for approximately $474 million in gross proceeds. It also entered collared forward transactions on 7,451,200 shares, offering minimum proceeds of $474 million and maximum of $642 million with maturities in April 2028 to fund growth.
1. Completed ATM Equity Offering
On March 17, Rocket Lab completed sale of 6,726,862 common shares through its at-the-market equity program, generating approximately $474 million in gross proceeds before commissions and expenses.
2. Collared Forward Transaction Details
Simultaneously, the company sold 7,451,200 shares via collared forward transactions, setting a minimum expected proceeds of $474 million and a maximum of $642 million, with scheduled maturities in April 2028 dependent on cap and floor price elections.
3. Use of Proceeds and Strategic Impact
Net proceeds will support Rocket Lab’s future growth initiatives, including potential acquisitions, development of launch and space systems, and general corporate and working capital needs.