Iridium files definitive merger proxy for Rocket Lab takeover: $27.00 cash plus collared Rocket Lab stock, shareholder vote set for 24 September 2026
Iridium filed its definitive merger proxy (DEFM14A) and Rocket Lab filed the related 424B3 prospectus on 26 August 2026, finalising terms of the merger agreement signed 28 June 2026. Each Iridium share converts into $27.00 in cash plus Rocket Lab stock at an exchange ratio collared between 0.2400 shares (if Rocket Lab trades at or above $112.50) and 0.4000 shares (at or below $67.50); Rocket Lab has a committed $3.6 billion 364-day senior secured bridge facility. A virtual special meeting of Iridium stockholders is scheduled for 24 September 2026 at 8:30am ET, after which Iridium would become an indirect wholly owned Rocket Lab subsidiary.