What changed
Approximately 99.6% of votes cast were in favor of the merger, representing approximately 81.0% of Iridium's outstanding shares entitled to vote. Under the deal terms, Iridium stockholders will receive $27.00 in cash plus Rocket Lab shares per an exchange ratio subject to a collar, for a notional value of $54.00 per Iridium share. The transaction is expected to close by mid-2027, pending remaining regulatory approvals and customary closing conditions.
Why it matters
Approximately 99.6% of votes cast were in favor of the merger, representing approximately 81.0% of Iridium's outstanding shares entitled to vote. Under the deal terms, Iridium stockholders will receiv