secwatch.observer — SEC 8-K summary
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Issuer:     Globalstar, Inc. (GSAT)
CIK:        0001366868
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001366868-26-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Globalstar Q1 revenue $70.1M (+17% YoY); announces merger with Amazon at $90/share
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- Q1 2026 revenue $70.1M (+17% YoY); service revenue $66.7M, equipment sales $3.4M.
- Net loss $17.4M (vs $17.3M YoY); income from operations $8.2M (vs loss $8.5M YoY).
- Adjusted EBITDA $33.5M (vs $30.4M YoY); cash $358.4M.
- Merger with Amazon: $90/share cash or 0.3210 Amazon shares (capped at $90); closing expected 2027.
- FCC Space Bureau reaffirmed Globalstar's exclusive Big LEO MSS rights, rejecting spectrum-sharing requests.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000027/0001366868-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1366868/000136686826000027/gsat-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001366868-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer