BlackRock (NYSE: BLK) reports 12.5% Iridium Communications stake in amended 13G
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of 13,072,774 shares of Iridium Communications Inc. common stock, representing 12.5% of the outstanding class. BlackRock has sole voting power over 12,854,017 shares and sole dispositive power over 13,072,774 shares, with no shared voting or dispositive power reported. The filing is an Amendment No. 6 to a Schedule 13G, indicating a passive ownership position filed on behalf of certain BlackRock business units. The disclosure notes that iShares Core S&P Small-Cap ETF holds more than five percent of Iridium’s common stock and confirms the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.
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