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

Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 7:45am
Soft tissue repair company Aroa could unlock $1.6b market
Markets

Soft tissue repair company Aroa could unlock $1.6b market

A transformational year is predicted for Aroa with potential for maiden profit.