Business Context and Reporting Period
This Form 8-K is filed by GHL Acquisition Corp. (not Iridium Communications Inc.) on June 2, 2009. The filing serves as a current report regarding a proposed acquisition of Iridium Holdings LLC by GHL Acquisition Corp. It also announces the filing of a shelf registration statement on Form S-3 with the SEC.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for either GHL Acquisition Corp. or Iridium Holdings LLC. This document is a procedural notice regarding a transaction and regulatory filing rather than a financial performance report.
Material Changes
No material changes to financial performance are reported in this document. The material event is the announcement of the proposed acquisition and the filing of the Form S-3 registration statement.
Guidance, Outlook, and Risks
- Transaction Status: The acquisition is proposed. GHL Acquisition Corp. has filed a preliminary proxy statement and intends to mail a definitive proxy statement to stockholders.
- Regulatory Filing: A shelf registration statement on Form S-3 was filed on June 2, 2009.
- Investor Warning: The information in this communication is not complete and may be changed. Stockholders are urged to read the definitive proxy statement before making voting or investment decisions.
- Participants: GHL Acquisition Corp. and its directors and officers are deemed participants in the solicitation of proxies.
Important Facts for Investors to Verify
- Verify the definitive proxy statement for complete details on the proposed acquisition of Iridium Holdings LLC.
- Confirm the terms of the Form S-3 shelf registration statement filed on June 2, 2009.
- Review the list of directors and officers and their interests in GHL Acquisition Corp. as detailed in the Form 10-K for the fiscal year ended December 31, 2008.
- Note that this filing is by GHL Acquisition Corp., not Iridium Communications Inc., though the target is Iridium Holdings LLC.