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Space Investor
@SpaceInvestor_D
Space investing & news. 100K challenge ⤵️
Joined March 2022
2.2K Following    57.1K Followers
$RKLB: Rocket Lab’s Iridium merger just became more concrete. They just filed a amended S-4/A. It also confirms that Rocket Lab would acquire Iridium through a combination of: Cash: $27 cash per Iridium share +Collar terms: •0.4000 RKLB shares if RKLB’s reference price is ≤ $67.50 •$27 divided by the reference price between $67.50 and $112.50 •0.2400 RKLB shares if the reference price is ≥ $112.50 The reference price is a 10-day volume-weighted average before closing. At today's price, Rocket Lab holders would retain roughly 95% of voting power, while Iridium holders would receive about 5%. It also details the $3.6B bridge loan at an assumed 8% interest.
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