secwatch.observer — SEC 8-K summary
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Issuer:     Globalstar, Inc. (GSAT)
CIK:        0001366868
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001140361-26-014528
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globalstar enters merger agreement with Amazon; stockholders to receive $90/share cash or Amazon stock
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- Consideration: $90.00 per share cash (subject to adjustment capped at $110M) or Amazon common stock with variable exchange ratio based on Amazon's VWAP.
- 57.6% holder Thermo delivered written consent; no stockholder vote required; deal expected to close by April 2027 with possible extensions to 2028.
- Conditions include regulatory approvals under HSR, satellite/telecom laws, and achievement of certain HIBLEO-4 satellite milestones.
- Termination fees: $419.8M payable by Globalstar to Amazon under certain circumstances, $592.1M payable by Amazon to Globalstar if antitrust clearances not obtained.
- Company equity awards will be cashed out or converted based on Per Share Value; warrants amended for cashless exercise pre-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1366868/000114036126014528/0001140361-26-014528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1366868/000114036126014528/ef20070409_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-014528

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