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

Globalstar, Inc.

Reverse stock split at 1-for-15 ratio effective Feb 10, 2025 at 5:30 PM ET; no fractional shares, rounding up.
Authorized shares reduced to 143,333,334 in proportion to 1-for-15 reverse stock split.
Last NYSE American trading Feb 10; Nasdaq trading begins Feb 11 under symbol GSAT, new CUSIP 378973507.
CEO Paul E. Jacobs: uplisting to Nasdaq reflects strong growth trajectory, expects enhanced visibility and institutional investor base.

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