{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-26-014197","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2026-09-18T20:14:30+00:00","discovered_at":"2026-09-18T20:15:03.759133+00:00","generated_at":"2026-09-18T20:15:17.964942+00:00","sec_items":["8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Iridium supplements proxy for $54/sh Rocket Lab merger; Sept 24 vote, lawsuits allege disclosure gaps","bullets":["Three NY Supreme Court lawsuits (two NY County, one Suffolk) allege proxy disclosure deficiencies; company denies merit, voluntarily supplements.","Special meeting on Sept 24, 2026 for $54/share Rocket Lab merger; closing expected mid-2027.","Evercore precedent transactions: 10-14x TEV/EBITDA on ~$527M OEBITDA implies $28.69-$47.77/sh.","DCF implies $29.97-$45.54/sh using 9-10% discount rate; net debt ~$2,102M, 110.5M shares.","Rocket Lab implied value $61.22-$99.03 (2027) and $53.10-$101.69 (2028); analyst targets to $150."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-26-014197","json":"https://secwatch.observer/filing/0000950103-26-014197.json","markdown":"https://secwatch.observer/filing/0000950103-26-014197.md","text":"https://secwatch.observer/filing/0000950103-26-014197.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000095010326014197/0000950103-26-014197-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000095010326014197/dp253526_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T20:15:17.964942+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}