other material
confidence high
sentiment neutral
materiality 0.55
Globalstar plans to delist from NYSE American and transfer to Nasdaq, subject to reverse stock split
Globalstar, Inc.
- Last trading on NYSE American expected Feb 10, 2025; trading on Nasdaq begins Feb 11, 2025 under symbol GSAT.
- Reverse stock split (previously disclosed) must be completed before listing transfer can occur.
- Company believes the move could make common stock more attractive to a broader range of investors.
- Voluntary delisting, not due to any failure to satisfy continued listing standards.