Gogo repurchases 1.5M shares from BlackRock at $12.23/share to resolve rights plan breach

Gogo Inc.

Repurchased 1,500,000 shares from BlackRock affiliates for $18.345M; closing by Sept 21, 2022.
BlackRock inadvertently exceeded 4.9% ownership threshold under Gogo's Section 382 Rights Agreement.
Gogo requested BlackRock divest additional ~100,000 shares post-repurchase to fall below 4.9%.
Repurchase funded with cash on hand; no change to existing share buyback program disclosed.

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