M&A
confidence high
sentiment neutral
materiality 0.90
Rocket Lab-Iridium merger: $27 cash plus stock, $3.6B bridge financing
Rocket Lab Corp
- Per-share consideration: $27.00 cash plus stock; exchange ratio 0.4000 if RKLB ≤ $67.50, 0.2400 if ≥ $112.50, else $27/RKLB price.
- Bridge facility: $3.6B senior secured 364-day term loan from Deutsche Bank and Wells Fargo to fund cash portion.
- Pro forma combined cash and equivalents $1,005.3M as of June 30, 2026; purchase consideration cash outflow $4,882.8M.
- Iridium audited FY2025 and unaudited Q2 2026 financials incorporated; pro forma statements for 2025 and H1 2026 filed.