Globalstar plans to shift listing to Nasdaq, announces reverse stock split [Yahoo! Finance]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
stock split to boost visibility and attract more institutional investors, the satellite communications provider said on Monday. The reverse split, aimed at improving trading fundamentals, aligning the stock with industry peers, and attract greater investment participation, will take place in the first quarter of 2025, with the exact ratio to be determined closer to the effective date. Until the uplisting is complete, Globalstar shares will continue trading on the NYSE American, the company said in a statement. “With these changes (Nasdaq uplisting, reverse stock split) we expect to enhance our visibility, attract a more diverse and institutional shareholder base, and improve overall liquidity,” Chief Executive Officer Paul Jacobs said “Our reverse split will better align with trading dynamics and technical characteristics of our industry peers, which we expect will unlock value for our shareholders over the near and long-term.” Earlier this month, Globalstar announced a $1.1
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GSAT
News
- Globalstar Outlines Growth Strategy and Financial Outlook at Investor Day [Yahoo! Finance]Yahoo! Finance
- Globalstar Outlines Growth Strategy and Financial Outlook at Investor DayBusiness Wire
- GSAT & Hawk Networks Team Up to Streamline Access to Band 53 Spectrum [Yahoo! Finance]Yahoo! Finance
- Hawk Networks and Globalstar Announce Collaboration and Availability of Band 53 Spectrum on Hawk's Platform [Yahoo! Finance]Yahoo! Finance
- Hawk Networks and Globalstar Announce Collaboration and Availability of Band 53 Spectrum on Hawk’s PlatformBusiness Wire
GSAT
Earnings
- 11/7/24 - In-Line
GSAT
Sec Filings
- 12/20/24 - Form 4
- 12/19/24 - Form 8-K
- 12/19/24 - Form 4
- GSAT's page on the SEC website