WASHINGTON — Rocket Lab USA, continuing its march toward vertical integration, has entered into a nonbonding but exclusive agreement to purchase laser communications terminal (LCT) provider, and Rocket Lab supplier, Mynaric AG of Germany for $75 million in cash or stock.
Up to $75 million in earn outs will be paid if Mynaric hits revenue targets.
The purchase is subject to Mynaric’s exit from Germany’s Chapter 11 restructuring procedure, called StaRUG, on satisfactory terms. Mynaric has said that it has secured sufficient . . .
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