BlackRock discloses 12.5% Iridium stake in 13G
BlackRock, Inc. reports beneficial ownership of 13,072,774 shares of Iridium Communications Inc. common stock, representing 12.5% of the outstanding class.
Sentiment and the balance of points
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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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Iridium Communications’ common stock does BlackRock beneficially own?
Is BlackRock’s stake in Iridium Communications reported as a passive investment?
Which BlackRock-affiliated fund holds more than 5% of Iridium Communications’ stock?
What type of SEC filing is this for BlackRock and Iridium Communications?
AI-generated analysis. How Rhea-AI works. Not financial advice.