Rocket Lab Equity Distribution Agreement With Deutsche Bank And Wells Fargo For Up To $1,944,369,826 OF Stock
We have entered into an equity distribution agreement (the "equity distribution agreement") with (1) Deutsche Bank Securities Inc. ("Deutsche Bank Securities") and Wells Fargo Securities, LLC ("Wells
Rocket Lab set up an agreement to sell up to about $1.9 billion of its own stock through two big banks, which gives the company cash when it needs it. This is a normal business move, but watch to see if the company actually uses it—that tells you how confident they are about their plans.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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