Rocket Lab replaces ATM equity program, keeps offering size at up to $1.94 billion
RKLB•Updated ATM equity program and use of proceeds
- Rocket Lab replaced its at-the-market equity distribution agreement, maintaining an aggregate offering size of up to $1.94 billion.
- The program carries forward the remaining unsold capacity from the prior May 20, 2026 agreement, which was terminated.
- Net proceeds are earmarked for cash payments tied to the proposed Iridium acquisition, with additional funds directed to reduce debt commitments.
- ATM sales can occur from time to time through Deutsche Bank Securities, Wells Fargo Securities, or via forward sale agreements.
- The offering is not contingent on closing the Iridium deal; excess proceeds may support future growth or general corporate purposes.
