Rocket Lab completes financing for Iridium acquisition, planned dilution
Rocket Lab says it has fully financed its planned acquisition of Iridium Communications, removing financing uncertainty while introducing substantial equity dilution risk for shareholders.
Rocket Lab NASDAQ:RKLB has fully financed its planned acquisition of Iridium Communications (NASDAQ:IRDM), removing one of the biggest uncertainties around the transformative $8 billion deal. The company said the transaction now shifts the focus to substantial equity dilution for shareholders.