---
schema_version: "secwatch.filing_event.v1"
accession: "0001366868-22-000059"
form_type: "8-K"
ticker: "GSAT"
cik: "0001366868"
company_name: "Globalstar, Inc."
filed_at: "2022-09-07T23:59:59+00:00"
generated_at: "2026-06-23T13:57:04.427254+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Globalstar to provide satellite network for Apple's emergency SOS; services expected Q4 2022

## Summary
- Apple to launch satellite-enabled services in Q4 2022 using Globalstar's network; Globalstar to allocate 85% of capacity.
- Partnership includes recurring service fees, capex reimbursement, and bonuses; Globalstar to raise debt via Goldman Sachs.
- Globalstar abandons second-gen Duplex assets (~$175M); retains 15% capacity for IoT, SPOT, and legacy services.
- 2023 revenue guidance $185-230M with ~55% EBITDA margin; expects 35% revenue growth by 2026.
- Apple gets warrants to purchase up to 2.64% of GSAT common stock at $1.01 per share.

## SEC filing metadata
- accession: 0001366868-22-000059
- form_type: 8-K
- ticker: GSAT
- cik: 0001366868
- company_name: Globalstar, Inc.
- filed_at: 2022-09-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000059/0001366868-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1366868/000136686822000059/gsat-20220907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001366868-22-000059
- JSON: https://secwatch.observer/filing/0001366868-22-000059.json
- Plain text: https://secwatch.observer/filing/0001366868-22-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.