Intelligence Hub
Market analytics and operational performance indicators
Ownership Report - October 5, 2020
Linden Advisors discloses 6.6% passive stake in Vector Acquisition Corp SPAC.
Brief
This SC 13G filing discloses beneficial ownership by Linden Advisors LP and affiliates in Vector Acquisition Corp., the SPAC that merged with Rocket Lab. As of Sep 29, 2020, they own 1,980,325 Class A shares (6.6%), including 1,771,354 shares (5.9%) by Linden Capital LP. Filed as passive investment under Rule 13d-1(c), with no intent to control.
Detailed Brief
Vector Acquisition Corp. was a blank-check SPAC that merged with Rocket Lab USA in 2021, becoming RKLB. This initial SC 13G, filed Oct 5, 2020, reports that Linden Advisors LP and Siu Min Wong beneficially own 1,980,325 Class A Ordinary Shares (6.6% of 30M outstanding), comprising 1,771,354 shares held by Linden Capital L.P. (managed by Linden GP LLC) and 208,971 shares in managed accounts. All reporting persons disclaim sole voting/dispositive power, sharing control. Certification confirms passive holding, not for changing control. For Rocket Lab investors, this highlights early hedge fund interest in the SPAC ahead of the merger announcement.
Key Telemetry
- • Linden Advisors & Siu Min Wong: 1,980,325 shares (6.6%) as of Sep 29, 2020.
- • Linden Capital LP & Linden GP LLC: 1,771,354 shares (5.9%).
- • Passive investment per Rule 13d-1(c); no control intent.
- • Vector Acquisition Corp SPAC merged with Rocket Lab in 2021 to form RKLB.
- • Percentages based on 30M shares outstanding per issuer's 8-K.
Impact Vector
For RKLB investors, this historical filing shows Linden Advisors' passive 6.6% stake in the pre-merger SPAC, indicating early institutional confidence without activism. No near-term trading impact, but signals potential long-term holder. Monitor future 13D/G amendments for position changes or shifts to active stance.