Rocket Lab merger and US listing delayed

Rocket Lab merger and US listing delayed
Rocket Lab's listing takeoff is delayed on launch pad. (Image credit: Rocket Lab)
Henry Burrell
Rocket Lab’s Nasdaq listing has been delayed to the third quarter of the year.The New Zealand-founded US-registered aerospace company announced in March plans to merge with the special purpose acquisition company (SPAC) Vector Acquisition Corporation, with a second quarter US listing under the ticker symbol RKLB.But a May 24 SEC filing by Vector said: “The Rocket Lab business combination is expected to close in the third quarter of 2021, subject to the satisfaction of certain customary closing conditions.”When the merger was a...

More Markets

NZ sharemarket has its best week of 2024
Markets Market Close

NZ sharemarket has its best week of 2024

The S&P/NZX 50 closed at 12,134.97, up 76.68 points or 0.64%.

Graham Skellern 12 Jul 2024
Smartpay investors vote in favour of 25% director fees increase
Markets

Smartpay investors vote in favour of 25% director fees increase

Smartpay is increasing the amount of money available to pay directors as it looks to grow.

John Anthony 12 Jul 2024
Warehouse Group to cut jobs at its head office
Retail

Warehouse Group to cut jobs at its head office

The company had already indicated last month that it was looking to trim staffing.

Gregor Thompson 12 Jul 2024
Infratil retail offer brings in $275m
Markets

Infratil retail offer brings in $275m

Offer was part of a wider $1.275 billion equity raising.

John Anthony 12 Jul 2024