MCLEAN, Va., Jan. 27, 2015 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today announced that, as provided in the Warrant Agreement governing its outstanding $11.50 warrants, which trade on the NASDAQ Global Select Market under the symbol IRDMZ (the "Warrants"), the exercise period for the remaining Warrants will end on February 14, 2015, and Iridium's transfer agent, American Stock Transfer & Trust Company, LLC, will no longer accept exercises of the Warrants after that date. The expiration of the Warrants will have no effect on Iridium's common stock.
Trading in the Warrants will cease after the market closes on Friday, February 13, 2015. The Warrants will be delisted shortly thereafter. As of January 23, 2015, there were 277,021 Warrants outstanding.
About Iridium Communications Inc.
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. The company has a major development program underway for its next-generation network — Iridium NEXT. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the NASDAQ Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services and partner solutions, visit www.iridium.com.
CONTACT: Investor Contact: Steve Kunszabo Iridium Communications Inc. +1 (703) 287-7570 firstname.lastname@example.org Press Contact: Diane Hockenberry Iridium Communications Inc. +1 (703) 287-7421 Diane.email@example.com
Source:Iridium Communications Inc.