# Iridium Communications Inc. (IRDM) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_4662edda4774c4666fcf · retrieved 2026-08-12T06:59:56.466Z

## Overview
Iridium Communications Inc. operates a global satellite communications network providing mission-critical communications, Internet of Things (IoT) capabilities, direct-to-device (D2D) solutions, resilient positioning/navigation/timing (PNT), aviation and maritime safety, and mission-critical services to millions of users worldwide.

Iridium Communications Inc. has entered into a definitive agreement to be acquired by Rocket Lab Corporation. Under the transaction agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab common stock calculated pursuant to an exchange ratio with a collar mechanism. If Rocket Lab common stock trades at or below $67.50, the exchange ratio is 0.4000; if at or above $112.50, the exchange ratio is 0.2400; and if between those prices, the exchange ratio equals $27.00 divided by the stock price. The exchange ratio is calculated based on the 10-day volume weighted average price of Rocket Lab common stock ending on the second trading day prior to closing. The transaction is expected to close in mid-2027 after regulatory and shareholder approvals.

## Terms
- Counterparty: Rocket Lab Corporation · Consideration: mixed · Price/share: $27

## Key dates
- Announced 2026-08-06 · Expected close 2027-06-30

## Timeline
- 2026-08-06 · 425 (0001104659-26-092108): 425 - Iridium Communications Inc. — *Iridium Communications Inc. operates a global satellite communications network providing mission-critical communications, Internet of Things (IoT) capabilities, direct-to-device (D2D) solutions, resilient positioning/navigation/timing (PNT), aviation and maritime safety, and mission-critical services to millions of users worldwide.* Iridium Communications Inc. has entered into a definitive agreement to be acquired by Rocket Lab Corporation. Under the transaction agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab common stock calculated pursuant to an exchange ratio with a collar mechanism. If Rocket Lab common stock trades at or below $67.50, the exchange ratio is 0.4000; if at or above $112.50, the exchange ratio is 0.2400; and if between those prices, the exchange ratio equals $27.00 divided by the stock price. The exchange ratio is calculated based on the 10-day volume weighted average price of Rocket Lab common stock ending on the second trading day prior to closing. The transaction is expected to close in mid-2027 after regulatory and shareholder approvals.
  https://www.sec.gov/Archives/edgar/data/1418819/0001104659-26-092108.txt

## Citations
- 0001104659-26-092108 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926092108