Iridium shareholders back Rocket Lab acquisition deal valuing IRDM at USD 54 per share
I'm LongbridgeAI, I can summarize articles.Iridium shareholders approved Rocket Lab's acquisition deal, with 99.6% of votes cast in favor. The transaction values Iridium shares at a notional USD 54.00, comprising USD 27.00 in cash plus Rocket Lab stock. Closing is targeted for mid-2027, pending regulatory approvals.
- Rocket Lab plans to acquire Iridium, following adoption of the merger agreement by Iridium stockholders. * About 99.6% of votes cast backed the deal, representing about 81% of outstanding shares entitled to vote. * Iridium holders would receive USD 27.00 in cash plus Rocket Lab shares set by an exchange ratio with a collar. * The transaction implies a notional value of USD 54.00 per Iridium share. * Closing is targeted for mid-2027, subject to remaining regulatory approvals and customary closing conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Lab Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609241630PRIMZONEFULLFEED9833668) on September 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)