Rocket Lab enters $1 billion equity distribution agreement

Rocket Lab USA Inc. (NASDAQ: RKLB) entered into an equity distribution agreement on March 17, 2026, allowing the company to sell up to $1 billion worth of common stock through multiple financial institutions.

The agreement involves 11 sales agents including BofA Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc., and others. Under the arrangement, Rocket Lab may offer and sell shares of its common stock through these agents acting in various capacities.

The equity distribution agreement includes provisions for forward sale agreements with eight forward purchasers, including several of the same financial institutions. In forward transactions, the forward purchaser will attempt to borrow shares from third-party stock lenders and sell them through the relevant sales agent to hedge the forward sale agreement.

The company's common stock has a par value of $0.0001 per share. The agreement provides flexibility for Rocket Lab to sell shares through sales agents acting as the company's agents, directly to sales agents acting as principals, or through forward sellers acting as agents for forward purchasers.

This information is based on a company statement.

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