Iridium holder reports 9.44% stake, pledges shares
Rhea-AI Filing Summary
Baralonco Limited, the Estate of the late Khalid bin Abdullah bin Abdulrahman, and Fahd bin Khalid bin Abdullah bin Abdulrahman (as legal representative of the Estate) each report beneficial ownership of 10,000,000 shares of Iridium Communications Inc. common stock, representing 9.44% of the class, based on 105,960,383 shares outstanding as of July 15, 2026.
The amendment describes financing arrangements involving these shares. A $160,000,000 dollar term facility for Mawarid Holding Company is secured in part by up to 8,272,727 Iridium shares pledged by Baralonco under a Collateral Accounts Pledge Agreement with Abu Dhabi Commercial Bank PJSC, with advances required to be repaid in full within 12 months after the relevant advance.
On July 31, 2026, Baralonco entered into a Client Security Interest Agreement with Barclays Bank PLC, pledging 1,727,273 Iridium shares in connection with a lending arrangement between Barclays and a person affiliated with Baralonco. In both pledge structures, Baralonco retains voting rights over the pledged shares until an event of default occurs but is not entitled to dispose of those shares.
Positive
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Key Figures
Key Terms
Schedule 13D regulatory
beneficially owned financial
Collateral Accounts Pledge Agreement financial
Client Security Interest Agreement financial
event of default financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Iridium Communications (IRDM) is reported in the latest Schedule 13D/A amendment?
Who are the reporting persons in the Iridium Communications (IRDM) Schedule 13D/A?
What are the key terms of the $160,000,000 facility referenced in the IRDM Schedule 13D/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.