Iridium Communications (NASDAQ:IRDM) stockholders approved the company’s proposed merger with Rocket Lab Corporation at a special meeting held Sept. 24, 2026.
The company said stockholders also approved, on an advisory and non-binding basis, compensation payments that may be made or become payable to Iridium’s named executive officers in connection with the mergers.
Under the agreement, Iridium will merge into Ion Merger Sub I, with Iridium continuing as the surviving corporation and becoming a wholly owned subsidiary of Rocket Lab. Subject to specified conditions, the surviving corporation will then merge into Ion Merger Sub II, LLC, which would survive as a wholly owned Rocket Lab subsidiary.
Stockholder Vote and Meeting Quorum
Kathy Morgan, Iridium’s chief legal officer and corporate secretary, said the record date for the meeting was Aug. 21, 2026. As of that date, Iridium had 105,981,552 shares of common stock outstanding and eligible to vote.
Proxies were received for 86,248,382 shares, representing approximately 81.38% of shares outstanding, Morgan said. That level of representation established a quorum for the meeting.
Iridium’s board unanimously recommended that stockholders vote in favor of both the merger agreement and the executive-compensation proposal.
Adjournment Proposal Was Not Presented
The special meeting agenda included a third proposal that would have authorized an adjournment, if necessary or appropriate, to solicit additional proxies should there have been insufficient votes to approve the merger agreement.
However, Niehaus said preliminary proxy tabulations indicated there were enough votes to approve the merger proposal. As a result, the adjournment proposal was not presented for a vote.
The polls opened at 8:34 a.m. and closed at 8:36 a.m. on Sept. 24. Morgan then reported that the merger agreement proposal and the advisory executive-compensation proposal had both been approved and adopted.
Final Vote Tally to Follow
Niehaus said Iridium will publish the full final vote tally in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission within four business days of the meeting.
No stockholder questions were submitted during the meeting, Morgan said, and the company concluded its planned question-and-answer session following the formal adjournment.
About Iridium Communications (NASDAQ:IRDM)
Iridium Communications Inc provides global satellite-based voice and data communications services. Its network is designed to support connectivity across land, oceans, airways and polar regions, serving customers in areas where terrestrial communications infrastructure is limited or unavailable.
The company offers satellite phones, broadband and narrowband data services, push-to-talk communications, and Internet of Things connectivity. Its product portfolio includes Iridium Certus broadband services, Iridium GO! satellite Wi-Fi products, satellite phones, specialized IoT services and solutions for asset tracking, monitoring and machine-to-machine communications.
