Rocket Lab Corporation (NASDAQ:RKLB) stock is trading lower on Thursday, as the space company announced that it entered into a replacement equity distribution agreement to sell common stock.
The agreement provides for raising money by selling common stock at an aggregate offering price of up to $1.94 billion from time to time.
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Rocket Lab is not increasing the total amount of stock it plans to sell.
Instead, it is simply tearing up an older agreement from May 2026 and replacing it with a new one, carrying over the exact same amount of unsold stock (worth up to roughly $1.94 billion).
