RigNet Acquisition

As a former RigNet shareholder, what did I receive in exchange for my shares?

On April 30, 2021, Viasat Inc. (Viasat) completed the acquisition of RigNet Inc. (RigNet).  After the closing of the acquisition, a wholly owned subsidiary of Viasat merged with and into RigNet, with RigNet continuing as a wholly owned subsidiary of Viasat.  Each share of RigNet common stock that was issued and outstanding immediately prior to the closing was converted into 0.1845 shares of Viasat common stock as well as cash in lieu of any fractional shares of Viasat common stock. Shares of RigNet common stock have stopped trading and can no longer be transferred. If you hold a physical stock certificate representing shares of common stock of RigNet, as soon as practicable following the closing, you will receive a letter via physical mail from Computershare, the exchange agent in the transaction, with instructions on how to deliver your letter of transmittal and physical stock certificate by mail in order to receive your Viasat shares.

This information is for illustrative purposes and not intended as tax advice. You are strongly urged to consult with your tax advisor as to the specific tax consequences to you of the transaction under U.S. federal, state, local and foreign tax laws.