Iridium stockholders voted to adopt Rocket Lab merger agreement at special meeting
IRDM•Iridium stockholders adopted the merger agreement with Rocket Lab, approving a transaction that calls for $27.00 in cash plus Rocket Lab shares per Iridium share. Closing remains subject to regulatory clearances and customary conditions and is expected by mid-2027.
1. Stockholders approve merger
Iridium Communications stockholders voted at a special meeting to adopt the merger agreement, clearing a key approval for Rocket Lab to acquire the company. The terms call for $27.00 in cash plus Rocket Lab shares under an exchange ratio with a collar per Iridium share; the transaction remains subject to regulatory clearances and customary conditions, with closing expected by mid-2027.
