BlackRock (NYSE: BLK) reports 12.5% Iridium Communications stake in amended 13G
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
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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FAQ
What percentage of Iridium Communications’ common stock does BlackRock beneficially own?
BlackRock states that it beneficially owns 12.5% of the outstanding common stock of Iridium Communications Inc..
Is BlackRock’s stake in Iridium Communications reported as a passive investment?
Yes. BlackRock certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Iridium Communications.
Which BlackRock-affiliated fund holds more than 5% of Iridium Communications’ stock?
The filing states that iShares Core S&P Small-Cap ETF has an interest in Iridium Communications common stock of more than five percent of the total outstanding common stock.
What type of SEC filing is this for BlackRock and Iridium Communications?
This document is an Amendment No. 6 to Schedule 13G, reporting updated beneficial ownership of Iridium Communications Inc. common stock by BlackRock, Inc.