{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-23-000011","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.633552+00:00","generated_at":"2026-06-19T23:57:15.516417+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Globalstar pays $20M, secures forbearance to March 15, explores financing","bullets":["Paid $20M cash under Second Forbearance Agreement with MDA and Rocket Lab.","Contractor forbears from exercising remedies on unpaid amounts until March 15, 2023.","Possible stock payment up to $40M in shares if both parties agree; no obligation yet.","Company exploring financing to satisfy remaining SPA obligations and refinance 2019 Facility.","Cannot predict terms of future financing; maximizing shareholder value is driving consideration."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-23-000011","json":"https://secwatch.observer/filing/0001366868-23-000011.json","markdown":"https://secwatch.observer/filing/0001366868-23-000011.md","text":"https://secwatch.observer/filing/0001366868-23-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000011/0001366868-23-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000011/gsat-20230131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:57:15.516417+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2bba912f592876caec9e6b5ec3d100d7af1f1535","claim":"Globalstar, Inc. entered into Second Forbearance Agreement with Macdonald Dettwiler and Associates Corporation and Rocket Lab USA, Inc. (effective 2023-01-31).","evidence_excerpt":"On January 31, 2023, Globalstar, Inc. (the “Company”) entered into a Second Forbearance Agreement (the “Agreement”) with Macdonald Dettwiler and Associates Corporation (“Contractor”) and Rocket Lab USA, Inc. (“Subcontractor”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000011/0001366868-23-000011-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Macdonald Dettwiler and Associates Corporation and Rocket Lab USA, Inc."},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}