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GHL Acquisition Corp. Announces Commencement of Common Stock Offering

Fri, 04 Sep 2009 20:46:00 GMT

NEW YORK, Sept. 4 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. ("GHL Acquisition") (NYX: GHQ, GHQ.U and GHQ.WS) announced today that it has commenced an offering of 16,000,000 newly issued shares of its common stock.
The closing of the offering is subject to the closing of the proposed acquisition by GHL Acquisition of Iridium Holdings LLC, which in turn is subject to approval by the stockholders of GHL Acquisition.
GHL Acquisition intends to use the net proceeds of the offering to fund its previously announced repurchases of shares of its common stock and exchanges of warrants as well as for general corporate purposes.

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SPAC Sponsored By Greenhill Announces Repurchases of Common Stock

Wed, 02 Sep 2009 23:50:00 GMT

NEW YORK, Sept. 2 /PRNewswire-FirstCall/ -- Greenhill & Co., Inc. (NYSE: GHL) today announced that GHL Acquisition Corp. ("GHL Acquisition") (NYX: GHQ, GHQ.U and GHQ.WS), the special purpose acquisition company it sponsored, has entered into agreements with certain holders of its common stock as a result of which approximately 10.4 million shares of GHL Acquisition common stock will be repurchased upon closing of the acquisition of Iridium Holdings LLC ("Iridium").
Forward-Looking Statements and Other Disclosure
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Greenhill & Co. or GHL Acquisition to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.

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GHL Acquisition Corp. and Iridium Welcome FCC Approval

Mon, 17 Aug 2009 11:57:00 GMT

GHL Acquisition Corp. and Iridium Holdings LLC today issued the following statement in regard to the Federal Communications Commission approval of the companies' combination.[More...]

SPAC Sponsored by Greenhill Announces Further Progress Toward Acquisition of Iridium With FCC Approval

Mon, 17 Aug 2009 11:57:00 GMT

Greenhill & Co., Inc. today announced that the Federal Communications Commission has approved the combination of GHL Acquisition Corp. , the special purpose acquisition company sponsored by Greenhill, and Iridium Holdings LLC .[More...]

Iridium Reports Second Quarter 2009 Results

Mon, 10 Aug 2009 19:56:00 GMT

Iridium Reports Second Quarter 2009 Results[More...]

Iridium Management to Speak at Nomura Global Satellite Conference

Fri, 12 Jun 2009 14:03:00 GMT

NEW YORK, and BETHESDA, Md., June 12 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. (NYX: GHQ) ("GHL Acquisition") and Iridium Satellite LLC ("Iridium" or the "Company"), a leading provider of voice and data mobile satellite services, today jointly announced that Matt Desch, Chief Executive Officer of Iridium, is scheduled to deliver a presentation on June 17, 2009 at 9:10 a.m. GMT at the Nomura Global Satellite Conference 2009 in London.
The written presentation will be available in the Investor Relations section of Iridium's website, www.iridium.com.
Iridium Satellite LLC (www.iridium.com) is the only mobile satellite service ("MSS") company offering coverage over the entire globe.

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Iridium Reports First Quarter 2009 Results

Tue, 02 Jun 2009 22:49:00 GMT

BETHESDA, Md., June 2 /PRNewswire/ -- Iridium Satellite LLC, the only provider of truly global mobile satellite communications services, today reported consolidated financial results for the three months ended March 31, 2009.
Subscribers in the first quarter 2009 were up 31.2% to 328,000 from 250,000 in the first quarter of 2008.
Net income declined 41.9% to $9.7 million in the first quarter of 2009 from $16.7 million in the first quarter of 2008, primarily due to increased expenses related to Iridium NEXT, the company's next-generation satellite program.

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GHL Acquisition Corp. Files Shelf Registration Statement

Tue, 02 Jun 2009 21:49:00 GMT

NEW YORK, June 2 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. (NYX: GHQ; GHQ.U; GHQ.WS) announced today that it has filed a shelf registration statement on Form S-3 with the Securities & Exchange Commission.
The registration statement, when declared effective by the SEC, will allow the Company, upon the completion of its proposed acquisition, to sell common stock, preferred stock and debt securities from time to time in amounts, at prices and on terms to be determined at the time of any such offering.
Unless otherwise indicated in a prospectus supplement, the Company intends to use the net proceeds from the sale of the securities for general corporate purposes.

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GHL Acquisition Corp. And Iridium Holdings LLC Announce Amendment to Transaction Agreement

Tue, 28 Apr 2009 20:58:00 GMT

Transaction Cost to GHL Acquisition Reduced by 15% to Reflect Changes in Market Valuation Levels Since Transaction Announcement
NEW YORK and BETHESDA, Md., April 28 /PRNewswire-FirstCall/ -- GHL Acquisition Corp. (NYX: GHQ) ("GHL Acquisition") and Iridium Holdings LLC ("Iridium" or the "Company"), a leading provider of voice and data mobile satellite services, today jointly announced the signing of an amendment to the definitive agreement under which they plan to combine.
The amended agreement, unanimously approved by the Board of Directors of GHL Acquisition and Iridium as well as Iridium's major shareholders, values Iridium at an enterprise value of approximately $517.3 million(i).

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