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8-K filed February 7, 2025, 6:59 PM ET ticker GSAT CIK 0001366868
other material confidence high sentiment positive materiality 0.65

Globalstar to implement 1-for-15 reverse stock split and transfer listing to Nasdaq on Feb 11, 2025

Globalstar, Inc.

item 3.03item 5.03item 8.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Globalstar, Inc.: Certificate of Amendment to effect a 1-for-15 reverse stock split, reduce authorized common shares to 143,333,334, and change exchange references from NYSE to Nasdaq (effective 2025-02-10).

Change
charter amendment
Effective
2025-02-10
Exact text from the filing
On February 7, 2025, the Company filed with the Delaware Secretary of State a Certificate of Amendment to the Company’s certificate of incorporation to (i) effect the Reverse Stock Split at a ratio of 1 for 15 for each share of Common Stock effective as of February 10, 2025 at 5:30 PM ET (the “Effective Time”), (ii) effect the Authorized Share Reduction Charter Amendment to reduce the number of shares of Common Stock authorized under the certificate of incorporation in proportion to the Reverse Stock Split ratio, and (iii) change all references to the “New York Stock Exchange” in the certificate of incorporation to “Nasdaq Stock Market LLC” (the “Charter Amendments”).
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Globalstar, Inc. filing history →

Source: SEC EDGAR
accession 0001366868-25-000019
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