{"schema_version":"secwatch.filing_event.v1","accession":"0001366868-23-000155","form_type":"8-K","ticker":"GSAT","cik":"0001366868","company_name":"Globalstar, Inc.","filed_at":"2023-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.764325+00:00","generated_at":"2026-06-07T16:03:39.974671+00:00","sec_items":["1.01","3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Globalstar enters Thermo Guaranty, issues warrant for 10M shares at $2.00","bullets":["Thermo Guaranty effective Dec 7, 2023, backing $252M obligations to partner.","Company issued warrant to Thermo to purchase 10M shares at $2.00 per share.","5M warrant shares vested immediately; 5M vest if Thermo advances $25M or more.","Thermo must maintain $30M liquidity covenant and minimum asset level.","Stock may be issued to Thermo if it makes payments under guaranty."],"urls":{"canonical":"https://secwatch.observer/filing/0001366868-23-000155","json":"https://secwatch.observer/filing/0001366868-23-000155.json","markdown":"https://secwatch.observer/filing/0001366868-23-000155.md","text":"https://secwatch.observer/filing/0001366868-23-000155.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000155/0001366868-23-000155-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000155/gsat-20231207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T16:03:39.974671+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":"ab9f8a1a49e24b1f9f32414acc4c2cdf0ac24ad0","claim":"Globalstar, Inc. entered into Thermo Guaranty with an affiliate of James Monroe, III, our Executive Chairman and controlling stockholder (\"Thermo\") valued at $252 million obligation (effective 2023-12-07).","evidence_excerpt":"the Thermo Guaranty became effective on December 7, 2023. As previously disclosed, on February 27, 2023, an affiliate of James Monroe, III, our Executive Chairman and controlling stockholder (\"Thermo\"), entered into a Secured Guaranty with the Company’s partner under its previously disclosed Partnership Agreements (the \"Partner\"), whereby Thermo agreed to guaranty certain obligations related to the Partnership Agreements and the related agreements, including the $252 million obligation under the previously disclosed prepayment agreement and satellite procurement agreement (collectively, the \"Guaranteed Obligations\"), and agreed that Thermo would guaranty (the \"Thermo Guaranty\") the same obligations directly in favor of the Company","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1366868/000136686823000155/0001366868-23-000155-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"collaboration"},{"label":"Counterparty","value":"an affiliate of James Monroe, III, our Executive Chairman and controlling stockholder (\"Thermo\")"},{"label":"Value","value":"$252 million obligation"},{"label":"Effective","value":"2023-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}