Iridium shareholders back Rocket Lab acquisition deal valuing IRDM at $54 per share
IRDM•About 99.6% of votes cast, representing about 81% of outstanding shares entitled to vote, backed Rocket Lab’s acquisition of Iridium. The deal implies a value of $54 per Iridium share and is targeted to close in mid-2027, subject to regulatory approvals and customary conditions.
1. Shareholders approve deal
Iridium stockholders adopted the merger agreement with Rocket Lab. Iridium holders would receive $27.00 in cash plus Rocket Lab shares, with the share exchange ratio subject to a collar; the transaction implies a notional value of $54.00 per Iridium share. Closing is targeted for mid-2027, subject to remaining regulatory approvals and customary closing conditions.
