We are investigating the fairness of the proposed sale of Iridium Communications, Inc. (Nasdaq: IRDM) (“Iridium”) to Rocket Lab Corporation (“RKLB”) pursuant to which Iridium shareholders will receive $27.00 per share in cash, and a number of shares of RKLB common stock calculated pursuant to an exchange ratio (subject to a collar) for each share of Iridium common stock outstanding at the closing. The collar is banded from $67.50 to $112.50 per share. According to Iridium’s press release announcing the sale, the implied value of the consideration payable to Iridium stockholders is $54.00 per share.
Notably, on the Seeking Alpha investment website, one shareholder expressed disappointment, stating, “Would have expected a higher premium.”
Moreover, since the transaction was announced on June 29, 2026, RKLB’s stock price has fallen nearly 20%, dragging down Iridium’s stock price to $48.67 as of the close on July 15, 2026, well below the implied value of the transaction.
If you remain an Iridium shareholder and have concerns about the fairness of the proposed sale, you may contact us to discuss your legal rights at no charge by completing and submitting the form below.
“We are investigating whether the Iridium Board of Directors acted in the best interests of Iridium shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the cash consideration and exchange ratio agreed upon are fair to Iridium shareholders, and whether all material information regarding the transaction has been fully disclosed. We encourage Iridium stockholders to contact us if they have any concerns.”