Globalstar hires ex-Qualcomm CEO Paul Jacobs, licenses XCOM tech for ~60M shares

Globalstar, Inc.

Paul E. Jacobs appointed CEO effective immediately, replacing David Kagan.
Exclusive perpetual license for XCOM wireless technologies, including XCOMP coordinated multipoint radio system.
Upfront licensing consideration of approximately 60 million shares of Globalstar common stock.
Matt Grob, former Qualcomm CTO, joins as Globalstar CTO; other XCOM engineers expected.

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