10-Q Filing

ROCKET LAB CORP CIK: 1819994 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001193125-21-234954`
Period End Date	20210630
Filing Date	20210803
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	d119425d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 12 Cash Flow Statement 15 Stockholders Equity 11

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$366.65K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$284.62K	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.23M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$329.47K	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.00M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.01M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$320.34M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$321.24M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$217.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$217.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.39M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$24.56M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$46.12M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNoncurrent`	$11.20M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNoncurrent`	$11.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$59.71M	USD	Point-in-time
Total Liabilities	`Liabilities`	$35.98M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 32,000,000 and 28,025,733 shares at June 30, 2021 and December 31, 2020 (at $10.00 per share), respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$320.00M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 32,000,000 and 28,025,733 shares at June 30, 2021 and December 31, 2020 (at $10.00 per share), respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$280.26M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.36M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$320.34M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$321.24M	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.08M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$3.08M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$1.15M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$4.86K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$9.67K	USD	2 Qtrs
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-21.55M	USD	2 Qtrs
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$81.33K	USD	1 Quarter
Total other income (loss)	`OtherNonoperatingIncomeExpense`	$-21.54M	USD	2 Qtrs
Total other income (loss)	`OtherNonoperatingIncomeExpense`	$86.20K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-24.62M	USD	2 Qtrs

Cash Flow Statement 15 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-24.62M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.06M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.55M	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$4.86K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$9.67K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-82.02K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.17M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-821.06K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-821.06K	USD	2 Qtrs
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfOrdinarySharesSubjectToPossibleRedemption`	$39.74M	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at Beginning	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Balance at Beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$63.30M	USD	1 Quarter
Change in value Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-23.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-23.56M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-24.62M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.06M	USD	1 Quarter
Balance Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.