425
Merger communication
✓ VerifiedIridium refiled its merger announcement as deal communication under Rule 425, carrying the June 28, 2026 agreement for Rocket Lab to acquire the company for $27.00 in cash plus stock per share.
Filed Jun 29, 2026 · 07:10 ET
Summary
- The filing carries the Agreement and Plan of Merger entered into on June 28, 2026 with Rocket Lab Corporation and two merger subsidiaries.
- Each share of Iridium common stock will be converted into the right to receive $27.00 in cash plus Rocket Lab stock set by an exchange ratio.
- The exchange ratio runs from 0.4000 when the Rocket Lab stock price is at or below $67.50 to 0.2400 at or above $112.50.
- The agreement provides for a termination fee of $223.62 million payable by Iridium to Rocket Lab under specified circumstances.
Key facts
- Cash consideration
- $27.00 per share
From the filing for Cash consideration
“will be converted into the right to receive (i) $27.00 in cash”
- Termination fee
- $223.62 million
From the filing for Termination fee
“payment of a termination fee of $223.62 million by Iridium to Rocket Lab”
Why it mattersThe Rule 425 refiling makes the deal terms part of the formal merger communication record ahead of the shareholder vote.
- Filed
- Jun 29, 2026
- Accepted
- 2026-06-29 11:10Z
- Accession no.
- 0001104659-26-078483
- Size
- 4.5 MB
- Index
- Filing index