Rocket Lab USA, Inc. (NasdaqCM:RKLB) entered into a letter of intent to acquire Certain Long Beach California Aerospace Production and Manufacturing Assets from Virgin Orbit Holdings, Inc. (OTCPK:VORB.Q) for $16.1 million on May 23, 2023. As of May 23, 2023, Rocket Lab USA, Inc. entered into an asset purchase agreement too acquire Certain Long Beach California Aerospace Production and Manufacturing Assets from Virgin Orbit Holdings, Inc. The purchase remains subject to finalizing the purchase agreement and approval of the United States Bankruptcy Court for the District of Delaware administering Virgin Orbit's Chapter 11 bankruptcy cases and other customary closing conditions. As of May 24, 2023, Bankruptcy Court approved the APA. George Klidonas, Jason Morelli and Justin Hamill of Latham & Watkins LLP acted as legal advisor to Virgin Orbit Holdings, Inc. Stuart Ogg, Micheal Reagan and Debora Hoehne of Goodwin Procter LLP acted as legal advisor to Rocket Lab USA, Inc.

Rocket Lab USA, Inc. (NasdaqCM:RKLB) acquired Certain Long Beach California Aerospace Production and Manufacturing Assets from Virgin Orbit Holdings, Inc. (OTCPK:VORB.Q) on June 2, 2023.