Amendment: SEC Form SCHEDULE 13D/A filed by Iridium Communications Inc
$IRDM
Telecommunications Equipment
Telecommunications
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
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Iridium Communications Inc. (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
46269C102 (CUSIP Number) |
Steven B. Pfeiffer, Esq. Norton Rose Fulbright US LLP, 799 9th Street NW, Suite 1000 Washington, DC, 20001 (202) 662-4585 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
06/24/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 46269C102 |
| 1 |
Name of reporting person
Baralonco Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
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| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
VIRGIN ISLANDS, BRITISH
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
10,432,489.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Based on (1) the number of shares of Common Stock beneficially owned on April 15, 2025, and (2) 108,160,324 shares of Common Stock outstanding on April 15, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the Securities and Exchange Commission on April 22, 2025.
SCHEDULE 13D
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| CUSIP No. | 46269C102 |
| 1 |
Name of reporting person
Estate of the late Khalid bin Abdullah bin Abdulrahman | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
SAUDI ARABIA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
10,432,489.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
Based on (1) the number of shares of Common Stock beneficially owned on April 15, 2025, and (2) 108,160,324 shares of Common Stock outstanding on April 15, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the Securities and Exchange Commission on April 22, 2025.
SCHEDULE 13D
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| CUSIP No. | 46269C102 |
| 1 |
Name of reporting person
Fahd bin Khalid bin Abdullah bin Abdulrahman | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
| ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
SAUDI ARABIA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
10,432,489.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.6 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Based on (1) the number of shares of Common Stock beneficially owned on April 15, 2025, and (2) 108,160,324 shares of Common Stock outstanding on April 15, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the Securities and Exchange Commission on April 22, 2025.
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $0.001 per share | |
| (b) | Name of Issuer:
Iridium Communications Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN,
VIRGINIA
, 22102. | |
Item 1 Comment:
Explanatory Note
This Amendment No. 7 to Schedule 13D (this "Amendment No. 7") relates to the common stock, par value $0.001 per share (the "Common Stock"), of Iridium Communications Inc., a Delaware corporation (the "Issuer"). This Amendment No. 7 supplements and amends the statement on Schedule 13D initially filed with the Securities and Exchange Commission (the "SEC") on October 8, 2009 by (i) Baralonco Limited, a British Virgin Islands company (the "Company") and (ii) Khalid bin Abdullah bin Abdulrahman, as amended by Amendment No. 1 to Schedule 13D filed with the SEC on October 9, 2012, Amendment No. 2 to Schedule 13D filed with the SEC on June 3, 2014, Amendment No. 3 to Schedule 13D filed with the SEC on May 17, 2019, Amendment No. 4 to Schedule 13D filed with the SEC on August 26, 2021, Amendment No. 5 to Schedule 13D filed with the SEC on November 26, 2021, and Amendment No. 6 to Schedule 13D filed with the SEC on March 11, 2022 (collectively, the "Amended Schedule 13D").
Except as supplemented and amended herein, the Amended Schedule 13D is unchanged. Reference should be made to the Amended Schedule 13D for additional information.
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| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
On June 24, 2025, Mawarid Holding Company, as Borrower, entered into a Facility Agreement with Abu Dhabi Commercial Bank PJSC, as Arranger, Facility Agent, and Lender, and the Lenders parties thereto, pursuant to which, among other things, the Lenders have made available a dollar term facility in an aggregate amount equal to the $160,000,000, with advances required to be repaid in full within 12 months after the relevant advance. In connection with the Facility Agreement, on June 24, 2025 the Company, as Pledgor, entered into a Collateral Accounts Pledge Agreement with Abu Dhabi Commercial Bank PJSC, as Pledgee, pursuant to which, among other things, the Company has pledged certain collateral accounts and assets as security for the obligations of Mawarid Holding Company in respect of the Facility Agreement, including 10,000,000 shares of Common Stock beneficially owned by the Company (the "Pledged Shares"). Until the occurrence of an event of default, the Company is entitled to exercise all voting rights in respect of the Pledged Shares, but is not entitled to dispose of the Pledged Shares. The Facility Agreement and the Collateral Accounts Pledge Agreement generally contain customary and market representations, warranties, covenants, conditions, events of default, interest, fees, and costs. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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