−Removed: RISK FACTORS.
−Removed: Factors that could cause our actual results to differ materially from those in this report include the risk factors described in our Annual Report on Form 10-K
−Removed: for the year ended December 31, 2020, filed with the SEC on March 31, 2021, as amended by Amendment No.
−Removed: 1 thereto, filed with the SEC on May 3, 2021, the Company’s Quarterly Report on Form 10-Q
−Removed: for the quarter ended March 31, 20201, filed with the SEC on May 24, 2021, and the the Company’s Registration Statement on Form S-4
−Removed: relating to the Company’s business combination with Rocket Lab, initially filed with the SEC on June 25, 2021.
−Removed: Any of those factors could result in a significant or material adverse effect on our results of operations or financial condition.
−Removed: Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations.
−Removed: We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.
+Added: As a result of the closing of the Business Combination on August 25, 2021, certain of the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K
+Added: for the fiscal year ended December 31, 2020, may no longer apply.
+Added: For risk factors relating to our business following the Business Combination, please refer to the section entitled “Risk Factors” in the prospectus dated October 7, 2021 related to our Registration Statement on Form S-1
+Added: which was filed with the SEC pursuant to Rule 424(b) on October 7, 2021, which are incorporated by reference herein, in addition to the following:
+Added: Additional Risks Relating to Our Business
+Added: presidential executive order concerning mandatory COVID-19
+Added: vaccination of U.S.-based employees of companies that work on or in support of federal contracts could have a material adverse impact on our business and results of operations.
+Added: On September 9, 2021, President Biden issued an executive order requiring all employers with U.S.
+Added: Government contracts to ensure that their U.S.-based employees, contractors, and subcontractors, that work on or in support of U.S.
+Added: Government contracts, are fully vaccinated by January 4, 2022.
+Added: The executive order includes on-site
+Added: and remote U.S.-based employees, contractors and subcontractors and it only permits limited exceptions for medical and religious reasons.
+Added: In addition, on September 9, 2021, President Biden announced that he has directed Occupational Safety and Health Administration (“OSHA”) to develop an emergency temporary standard (“ETS”) mandating either the full vaccination or weekly testing of employees for employers with 100 or more employees.
+Added: OSHA has not issued the ETS nor provided any additional information on its contents or requirements.
+Added: It is currently not possible to predict with certainty the impact the executive order or OSHA ETS will have on our workforce.
+Added: Government contractor, we are requiring all U.S.
+Added: based employees, contractors and subcontractors that service or support our U.S.
+Added: Government contracts to be fully vaccinated by January 4, 2022.
+Added: Employees who are not subject to this requirement and who are not fully vaccinated may be subject to the ETS that will require them to get a COVID-19
+Added: test at least once a week.
+Added: Additional vaccine mandates may be announced in jurisdictions in which our businesses operate.
+Added: Our implementation of these requirements may result in attrition, including attrition of critically skilled labor, and difficulty securing future labor needs, which could have a material adverse effect on our business, financial condition, and results of operations.
+Added: Recent Sales of Unregistered Securities and Use of Proceeds
+Added: On September 10, 2021, we issued 878,887 shares of common stock to SVB Financial Group upon exercise of warrants for Rocket Lab common stock originally issued on March 23, 2015, March 24, 2016, and December 23, 2020 with Silicon Valley Bank on a cashless basis as provided for in the terms of the respective warrant agreements.
+Added: The issuance of shares of common stock upon the cashless exercise of the SVB Financial Group warrants were not registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on the exemption for registration provided by Section 3(a)(9) of the Securities Act.
+Added: Defaults Upon Senior Securities
+Added: Mine Safety Disclosures
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.