Mergers & Acquisitions ·
Iridium Communications Inc. filed a current report to supplement its definitive proxy statement regarding the proposed…
IRDMIridium Communications Inc.
Iridium Communications Inc. filed a current report to supplement its definitive proxy statement regarding the proposed merger with Rocket Lab Corporation. The filing discloses updated financial analyses by advisor Evercore, including precedent transactions and discounted cash flow models for Iridium, as well as comparable company and future share price analyses for Rocket Lab. These updates reflect valuation ranges based on LTM Adjusted EBITDA of approximately $527 million and net debt of approximately $2,102 million for Iridium, compared to a merger consideration of $54.00 per share. The report also notes three lawsuits filed by stockholders in New York seeking to enjoin the merger over alleged disclosure deficiencies, which Iridium intends to moot through voluntary supplemental disclosures. The special meeting to vote on the transaction is scheduled for September 24, 2026, with closing expected in mid-2027 subject to regulatory approvals and stockholder consent. Iridium Communications Inc. operates in the satellite communications industry, providing global voice and data services via a low Earth orbit constellation.