{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-081335","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2026-07-07T21:11:18+00:00","discovered_at":"2026-07-07T21:12:00.284668+00:00","generated_at":"2026-07-07T21:12:06.753379+00:00","sec_items":["1.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Iridium closes Aireon acquisition for $366.7M; assumes $154.7M debt","bullets":["Completed acquisition of remaining 61% of Aireon for ~$366.7M; 50% cash, 50% deferred via no-interest loan due in one year.","Assumed Aireon's existing $154.7M term loan (original $175M) with SOFR+6.25% interest, maturing Oct 2028; Iridium provided parent guaranty.","Retention awards for CFO ($410k) and Chief Legal Officer ($873k) tied to closing of pending Rocket Lab merger; 60% vests at close, 40% at six months.","Aireon will operate as wholly owned subsidiary; CEO Don Thoma continues, reports to Iridium CEO Matt Desch."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-081335","json":"https://secwatch.observer/filing/0001104659-26-081335.json","markdown":"https://secwatch.observer/filing/0001104659-26-081335.md","text":"https://secwatch.observer/filing/0001104659-26-081335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000110465926081335/0001104659-26-081335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000110465926081335/tm2619278d14_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-07T21:12:06.753379+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"}