GHL Acquisition Corp. Files Annual Report

GHL Acquisition Corp., a $400 million SPAC priced in June 2007, has filed its annual report. The SPAC, which had not specified a target industry for acquisitions, has agreed to acquire Iridium Holdings LLC, a voice and data mobile satellite services provider, for $490 million.

The SPAC has until mid-February 2010 to complete the acquisition.

Read the annual report here