Lynk and Slam announce definitive business combination deal
The companies anticipate closing the transaction in the second half of 2024.
The companies anticipate closing the transaction in the second half of 2024.
The merger will turn Virgin Orbit into a publicly traded company on the Nasdaq with an initial valuation of $3.2bn.
Rocket Lab will receive approximately $777m, before transaction expenses, from the SPAC and a current private investment in public equity (PIPE) round.
The merger agreement includes an additional $200m in a concurrent round, called private investment in public equity.