Iridium Communications Inc. (NASDAQ: IRDM) stockholders have approved the acquisition by Rocket Lab Corporation (NASDAQ: RKLB). The vote marks a critical step toward merging the satellite services provider with the launch and space systems firm.

Voting results and deal terms

At a special meeting held on September 24, 2026, approximately 99.6% of votes cast supported the transaction. This represented roughly 81.0% of Iridium’s outstanding shares entitled to vote. Complete voting results will be disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.

Under the agreement, Iridium shareholders will receive $27.00 in cash plus a number of Rocket Lab common shares based on an exchange ratio subject to a collar. The total notional value of the transaction stands at $54.00 per Iridium share.

Strategic rationale

Matt Desch, CEO of Iridium, described the vote as an important milestone toward combining two companies with complementary capabilities. Sir Peter Beck, Founder and CEO of Rocket Lab, stated that the merger aims to create a next-generation space powerhouse by integrating Iridium’s global network with Rocket Lab’s launch capabilities.

Next steps

The transaction remains subject to remaining regulatory approvals and customary closing conditions. Both companies anticipate completing the merger by mid-2027.

A second law firm has launched an investigation into the proposed acquisition of Iridium Communications Inc. (NASDAQ: IRDM) by Rocket Lab Corporation (NASDAQ: RKLB), joining earlier scrutiny from Kahn Swick & Foti, LLC.

Monteverde & Associates PC, led by Juan Monteverde, is assessing whether the transaction terms adequately value the satellite operator for its shareholders. The firm, based in New York’s Empire State Building, is recognized as a Top 50 firm in the 2025 ISS Securities Class Action Services Report.

Deal Structure Under Review

The proposed deal structure offers Iridium shareholders $27.00 in cash per share. In addition to the cash component, shareholders will receive Rocket Lab common stock based on a specified exchange ratio. Both law firms are examining whether this combined consideration undervalues the company or if the process leading to the agreement was sufficient.

What the Numbers Show

The transaction relies on a hybrid payment structure involving both immediate liquidity and equity exposure to the acquirer. The fixed cash component of $27.00 provides a floor value for shareholders, while the variable stock component ties final proceeds to Rocket Lab’s share price performance at closing.

Shareholder Rights

Lewis S. Kahn, managing partner at Kahn Swick & Foti, continues to lead his firm’s investigation. Shareholders who believe the transaction undervalues Iridium Communications may contact the firm without obligation or cost. Interested parties can reach out via email at lewis.kahn@ksfcounsel.com or by phone at 833-538-3612.

Simultaneously, Monteverde & Associates PC is accepting inquiries from concerned investors. Juan Monteverde can be reached via email at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341. The firm states that prior results do not guarantee similar outcomes for future matters.