Iridium stockholders voted to adopt Rocket Lab merger agreement at special meeting
Bitget2026/09/24 20:31- Iridium Communications held a special stockholder meeting today to vote on its proposed merger with Rocket Lab.
- Stockholders adopted the Agreement and Plan of Merger, clearing a key approval for Rocket Lab to acquire Iridium.
- The vote authorizes the transaction but does not complete it; closing remains subject to regulatory clearances and customary conditions.
- Merger terms call for USD 27.00 cash plus Rocket Lab shares under an exchange ratio with a collar per Iridium share.
- The deal is expected to close by mid-2027.
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