UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 2.02. | Results of Operations and Financial Condition. |
On July 26, 2022, Iridium Communications Inc. issued a press release announcing its financial results for the quarter ended June 30, 2022. The text of the press release is included as Exhibit 99.1 to this Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein are deemed to be furnished and shall not be deemed to be filed.
| Item 7.01. | Regulation FD Disclosure. |
On July 26, 2022, Iridium Communications Inc. announced that it had entered into a development agreement to enable Iridium’s technology in smartphones. The agreement is contingent upon the successful development of the technology, as well as negotiation and execution of a service provider agreement, which the Company expects to finalize by the end of the year. The development agreement also provides for development fees, royalties and network usage fees to be paid to Iridium. To protect each company’s investment in this newly developed technology, the overall arrangement will include substantial recoupment payments from each company for commercializing a similar capability with another party. The agreement also contains termination provisions and other rights, including in the case of a change of control of Iridium.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Description | |
| 99.1 | Press release dated July 26, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document).* | |
| * | Submitted electronically with this Report in accordance with the provisions of Regulation S-T |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IRIDIUM COMMUNICATIONS INC. | ||||||
| Date: July 26, 2022 | By: | /s/ Thomas J. Fitzpatrick | ||||
| Name: | Thomas J. Fitzpatrick | |||||
| Title: | Chief Financial Officer | |||||