Friday, September 25, 2026
Iridium shareholders approve Rocket Lab takeover
Iridium stockholders adopted the June 28, 2026 merger agreement with Rocket Lab at a September 24 special meeting, with 85,862,105 votes for Proposal 1, 318,415 against and 67,862 abstentions. The companies said that was about 99.6% of votes cast and about 81.0% of shares entitled to vote; the 8-K reports 86,248,382 shares present of 105,981,552 outstanding. Consideration remains $27.00 cash plus Rocket Lab stock under a collar, notional $54.00 per Iridium share, with close still expected mid-2027 subject to remaining regulatory approvals, including the FCC license-transfer review. This is stockholder approval, not closing. Iridium is untracked.
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