NASDAQ, IRDM - Iridium Comm Inc
We are a blank check company organized under the laws of the State of Delaware
on November 2, 2007. We were formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase, reorganization or
other similar business combination with one or more businesses or assets, which
we refer to as our ??initial business combination.??
On February 21, 2008, we completed our initial public offering of 40,000,000
units at a price of $10 per unit, with each unit consisting of one share of
common stock and one warrant exercisable for one share of common stock at an
initial exercise price of $7.00. On February 21, 2008, we also consummated a
private placement of warrants, to Greenhill & Co., Inc., our founding
stockholder, for an aggregate purchase price of $8 million. Our common stock and
warrants began trading separately on the American Stock Exchange on March 20,
2008.
We generated gross proceeds of $408. ...
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