On March 17, 2026, Rocket Lab Corporation (the Company) executed an Equity Distribution Agreement (EDA) with sales agents including BofA Securities, Inc., BTIG, LLC, Cantor Fitzgerald & Co., and others, enabling at-the-market (ATM) offerings of up to $1,000,000,000 in common stock. Sales can be made through agents acting as principal or agent, or via forward sale agreements with forward purchasers like Goldman Sachs & Co. LLC and Morgan Stanley. The EDA supports two forward transaction types: Initially Priced Forward Transactions, where borrowed shares are sold to hedge and the Company settles later for cash proceeds based on forward prices (subject to adjustments), and Collared Forward Transactions with floor/cap prices determined post-hedging period, including prepayment options where the Company pledges shares. Commissions are capped at 2% of sales prices, deducted from proceeds. The EDA can be terminated anytime by either party and includes standard representations, warranties, and conditions. This is pursuant to a shelf S-3 registration effective since 2025. Event classification: Financing (ATM equity offering program with structured forwards).

Near-term, this provides Rocket Lab with a flexible, opportunistic mechanism to raise up to $1B in equity capital without upfront commitment, minimizing immediate dilution if forwards are used (as no initial proceeds from hedge sales). Strategically, it supports funding for launch cadence expansion, Neutron development, and space systems growth amid high cash burn in the competitive launch sector. Investors should monitor prospectus supplements for actual sales/issuances, track stock price impact from potential dilution (shares issued upon settlement), and view positively as balance sheet strengthening tool, though execution depends on market conditions.