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Recent Updates — IRDM

September 15, 2026View Source ↗

Iridium Communications Inc. filed a Form 8-K on September 15, 2026, disclosing the execution of Consent and Amendment No. 4 to its Amended and Restated Credit Agreement in connection with its pending merger with Rocket Lab Corporation. The amendment ensures the transaction does not constitute a Change of Control under the credit facility and provides lender consent for the acquisition. Post-closing terms include an increased interest rate margin (SOFR plus 2.50%–3.00%) and new prepayment and exit fees of 1.00%. Iridium Communications Inc. operates in the satellite communications industry, providing global voice and data services via a low Earth orbit constellation.

August 10, 2026View Source ↗

On August 10, 2026, Iridium Communications Inc.'s Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on September 30, 2026, to stockholders of record as of September 15, 2026. Additionally, the Board adopted Amended and Restated Bylaws effective August 10, 2026, adding a forum selection provision designating Delaware courts as the exclusive venue for derivative actions and federal district courts for Securities Act claims. Iridium Communications Inc. operates in the telecommunications industry, providing global satellite communications services.

July 22, 2026View Source ↗

Iridium Communications Inc. reported second quarter 2026 financial results, including total revenue of $225.2 million, a 4% increase year-over-year. Net income for the quarter was $9.7 million, or $0.09 per diluted share, down from $22.0 million, or $0.20 per diluted share, in the prior-year period. The company announced it is in the process of being acquired by Rocket Lab Corporation, a transaction expected to close in mid-2027. Additionally, Iridium completed the acquisition of Aireon LLC on July 2, 2026, for approximately $366.7 million. Iridium Communications Inc. provides global mobile satellite services, including voice, data, and PNT services.

July 7, 2026View Source ↗

On July 2, 2026, Iridium Communications Inc. completed the acquisition of the remaining 61% equity interest in Aireon Holdings LLC for approximately $366.7 million. The purchase price consisted of 50% cash and a $183.36 million interest-free term loan from the sellers maturing in one year. Iridium also provided a parent guarantee for Aireon LLC's existing credit facility, which has an outstanding principal balance of $154.7 million. Additionally, on July 6, 2026, the company approved cash retention awards for CFO Vincent J. O'Neill ($409,999.98) and CLO Kathleen A. Morgan ($873,036.32) to incentivize the consummation of a pending merger with Rocket Lab Corporation. Iridium operates in the satellite communications industry, providing global voice and data services.

June 29, 2026View Source ↗

On June 28, 2026, Iridium Communications Inc. entered into a merger agreement with Rocket Lab Corporation. Iridium shareholders will receive $27.00 in cash and a variable number of Rocket Lab shares based on an exchange ratio ranging from 0.2400 to 0.4000 depending on Rocket Lab's stock price. The transaction is subject to stockholder approval and regulatory clearances, including FCC consent. Iridium operates in the satellite communications industry, providing global voice and data services.