GHL Acquisition Announces Iridium Communications Merger

Deal Announcements

GHL Acquisition Corp. (GHQ) announced a merger agreement with Iridium Communications Inc. The transaction was the lone combination announced on the day. Specific terms including implied valuation, transaction timeline, sponsor identity, and expected trust redemption levels were not disclosed in the announcement. Market participants will look to the company's forthcoming SEC filings for additional detail on the transaction structure and deal economics.