---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-078482"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2026-06-29T11:09:00+00:00"
generated_at: "2026-06-29T11:10:21.058446+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Iridium to be acquired by Rocket Lab for $27 cash per share plus variable stock consideration

## Summary
- Iridium shareholders receive $27.00 in cash plus a number of Rocket Lab shares per IRDM share, based on Exchange Ratio tied to RKLB VWAP.
- Exchange ratio: 0.4000 if RKLB VWAP ≤$67.50; $27/$RKLB VWAP if $67.50-$112.50; 0.2400 if ≥$112.50.
- Termination fee of $223.62 million payable by Iridium under certain conditions; deal must close by June 28, 2027 (extendable to Dec 28, 2027).
- Iridium board unanimously approved and recommends; directors holding ~1.6% of shares entered support agreements to vote in favor.
- Outstanding Iridium RSUs/PSUs assumed by Rocket Lab; Iridium options/CSARs canceled for cash consideration.

## SEC filing metadata
- accession: 0001104659-26-078482
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2026-06-29T11:09:00+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000110465926078482/0001104659-26-078482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000110465926078482/tm2619278d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-078482
- JSON: https://secwatch.observer/filing/0001104659-26-078482.json
- Plain text: https://secwatch.observer/filing/0001104659-26-078482.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.