10-Q Filing

ROCKET LAB CORP CIK: 1819994 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-028778`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	vacq-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 5 Cash Flow Statement 12 Stockholders Equity 6

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$425.45K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$366.65K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$352.25K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$777.70K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.23M	USD	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.01M	USD	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$321.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$320.79M	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
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$217.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$217.40K	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$46.20M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$24.56M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredCompensationLiabilityCurrent`	$11.20M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredCompensationLiabilityCurrent`	$11.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$35.98M	USD	Point-in-time
Total Liabilities	`Liabilities`	$59.09M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 25,669,707 and 28,025,733 shares at March 31, 2021 and December 31, 2020 (at $10.00 per share), respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$280.26M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 25,669,707 and 28,025,733 shares at March 31, 2021 and December 31, 2020 (at $10.00 per share), respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$256.70M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 450,000,000 shares authorized; 6,330,293 and 3,974,267 shares issued and outstanding (excluding 25,669,707 and 28,025,733 shares subject to possible redemption) at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$397.00	USD	Point-in-time
Class A ordinary shares, $0.0001 par value; 450,000,000 shares authorized; 6,330,293 and 3,974,267 shares issued and outstanding (excluding 25,669,707 and 28,025,733 shares subject to possible redemption) at March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$633.00	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,000,000 shares issued and outstanding at March 31, 2021 and December 31, 2020	`CommonStockValueOne`	$800.00	USD	Point-in-time
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,000,000 shares issued and outstanding at March 31, 2021 and December 31, 2020	`CommonStockValueOne`	$800.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$40.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.90M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$320.79M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$321.33M	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$1.93M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.93M	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeOther`	$4.81K	USD	1 Quarter
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-21.63M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter

Cash Flow Statement 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.56M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.63M	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$4.81K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-14.40K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.48M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-440.45K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-440.45K	USD	1 Quarter
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$425.45K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$425.45K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$23.56M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning	`StockholdersEquity`	$5.00M	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`	$23.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-23.56M	USD	1 Quarter
Balance at Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time

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