Rocket Lab entered into an equity distribution agreement on May 20, 2026, establishing an at-the-market (ATM) offering program. This agreement allows the company to offer and sell up to $3.0 billion of its common stock from time to time through a syndicate of sales agents. The program also provides for the potential to enter into forward sale agreements.
Key Details
- Offering Size: Up to $3.0 billion of common stock may be offered and sold.
- Sales Structure: Sales will be made "at-the-market" through a syndicate of sales agents, including BofA Securities and Morgan Stanley, with commissions not to exceed 2.0% of the sales price.
- Forward Sale Provision: The agreement includes provisions for the company to enter into forward sale agreements with certain financial institutions, allowing it to lock in a price for the future sale of its shares.