Globalstar, Inc. - Common Stock (GSAT)

Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced two new leaders for its terrestrial spectrum and network solutions and wholesale satellite capacity businesses.

Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, announces the grand opening of its state-of-the-art Satellite Operations Control Center (“SOCC”) at its headquarters in Covington, La., on March 17. This milestone marks a significant expansion of Globalstar’s operational capabilities and reinforces the Company’s strategic growth as it advances next-generation satellite and connectivity solutions.

GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 4G and 5G semiconductor solutions, and Globalstar, Inc. (Nasdaq: GSAT), the next-generation mobile satellite and communications services provider, announced today a partnership to develop two-way satellite messaging systems for Globalstar’s mobile devices and modules. Globalstar’s recently announced RM200M product will use GCT’s IoT chip GDM7243i, with future products using its 4G LTE chip GDM7243SL and 5G IoT-enabled chipset to support Globalstar’s satellite network.

Globalstar, Inc. (Nasdaq: GSAT) ("Globalstar" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2024.

Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, today announced the launch of a two-way satellite IoT solution via its LEO constellation.

Globalstar, Inc. (Nasdaq: GSAT) will announce its fourth quarter and full year 2024 financial and operating results on Thursday, February 27, 2025 after the market closes. The release will be available over the wire and from the Globalstar, Inc. website at www.globalstar.com. The Company will also conduct a conference call on Thursday, February 27, 2025 at 5:00 p.m. Eastern Time (ET) to discuss these results. Details are as follows:

Globalstar, Inc., (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, will be showcasing its diverse solution set of connectivity products and services during Mobile World Congress (MWC) Barcelona, March 3-6.

Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar”) a next-generation telecommunications infrastructure and technology provider, announced that its solar-powered asset tracker SmartOne Solar has received a 2024 IoT Excellence Award presented by TMC and Crossfire Media.

Globalstar, Inc. (Nasdaq: GSAT) (“Globalstar”), a next-generation telecommunications infrastructure and technology provider, announced today it visited the Nasdaq MarketSite in Times Square on Tuesday, February 11, 2025, to ring the opening bell. In recognition of this milestone, Globalstar CEO Paul E. Jacobs led the bell-ringing ceremony.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that it intends to (i) implement the previously-disclosed reverse stock split and related charter amendments and to voluntarily transfer the listing of its common stock, par value $0.0001 per share (the “Common Stock”) from the NYSE American LLC (“NYSE American”) effective following the close of trading on February 10, 2025, and (ii) transfer the listing of its Common Stock to the Nasdaq Global Select Market (“Nasdaq”) effective February 11, 2025. Upon transferring, Globalstar expects to meet the eligibility requirements for inclusion in the Nasdaq Composite Index.

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications service provider, today announced that UK-based wireless and satellite technology reseller, Global Telesat Communications (GTC), a subsidiary of NextPlat Corp. (NASDAQ: NXPL), has seen sales of Globalstar SPOT and satellite IoT devices dramatically increase, a 35% boost compared to the same period in 2023.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that, in connection with its previously-disclosed plans to consummate a reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.0001 per share (the “Common Stock”), it notified the NYSE American LLC (“NYSE American”) that it intends to voluntarily delist the shares of its Common Stock from the NYSE American and transfer its listing to the Nasdaq Global Select Market (“Nasdaq”), subject to the completion of the Reverse Stock Split.

Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today Peiker Holding Gmbh and Globalstar have entered a strategic partnership to bring satellite-based emergency services and telematics capabilities to the automotive industry.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, held an investor day on Thursday, December 12, 2024. The Company’s executive leadership team outlined Globalstar’s strategic priorities and vision for the future by optimizing value for its core assets and providing updates to its short and long-term financial outlook.

Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today a collaboration agreement with Hawk Networks. Hawk is transforming the way operators access wireless spectrum with a more efficient and flexible approach to utilizing Globalstar’s versatile Band 53 spectrum. Globalstar’s collaboration with Hawk Networks simplifies access to valuable licensed spectrum by bundling it with core network components and other essential infrastructure. This streamlined approach reduces extended wait times and eliminates the complexities of traditional procurement processes. Operators of all sizes can now efficiently access the spectrum and tools needed to build and expand their networks.

Globalstar, Inc. (NYSE American: GSAT), the next-generation mobile satellite and communications services provider, announced today the first 5G data call on Globalstar band n53™ spectrum, achieving 100 Mbps download and 60 Mbps upload speeds. These increased speeds allow for mission-critical applications such as robotics, autonomous forklifts, augmented reality (AR) applications, and enhanced video abilities to operate seamlessly. The test, conducted using XCOM RAN prototype radios and state of the art 5G modules, validates the utility of the Band n53 spectrum for even the most cutting-edge mobile applications and builds on the success from the 4G testing announced in October at Mobile World Congress Las Vegas.

Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The partnership also includes the successful demonstration of Parsons’ software-defined satellite communications solution using Globalstar’s Low Earth Orbit (LEO) satellite constellation.

CHANTILLY, Va., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) and Globalstar (NYSE American: GSAT) announce their exclusive partnership to support the public, government, and defense sectors. The partnership also includes the successful demonstration of Parsons’ software-defined satellite communications solution using Globalstar’s Low Earth Orbit (LEO) satellite constellation.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that the United States Federal Communications Commission (“FCC” or “the Commission”) has issued a radio station authorization to GUSA Licensee LLC granting it a 15-year renewal of its authority to operate numerous categories of mobile earth terminals with its U.S. and French-licensed NGSO satellites throughout the United States and its territories.

Globalstar Europe Satellite Services Ltd., a wholly owned subsidiary of Globalstar, Inc. (NYSE American: GSAT) (collectively “Globalstar” or the “Company”), the next-generation mobile satellite and communications service provider, today announced that value added reseller Spotter has seen sales of its satellite IoT-enabled horse tracking collar more than double in the last 24 months.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced that the Company will host an Analyst & Investor Day on Thursday, December 12, 2024 beginning at 9:00 a.m. ET.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), a next-generation telecommunications infrastructure and technology provider, today announced its intent to transfer its common stock listing to the Nasdaq Global Select Market (the “Nasdaq”) in the first quarter of 2025. In connection with this planned uplisting, the Company also announced that its Board of Directors has authorized a reverse stock split of its common stock, which is also expected to take place in the first quarter of 2025 at a ratio to be determined closer to the effective date. The reverse stock split is intended to align trading fundamentals with peers, improve liquidity and attract greater investment participation from a more diverse and larger set of institutional investors.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar”), the next-generation mobile satellite and communications services provider, today announced that Mexico’s Instituto Federal de Telecomunicaciones (“IFT”) has notified Globalstar’s subsidiary in Mexico, Mobile Satellite Services Mexico S. De R.L. DE C.V., that it is the winning bidder in the public Auction #13 (Licitación No. IFT-13) regarding the Complementary Terrestrial Service of the Mobile Satellite Service in the frequencies 2483.5 to 2495 MHz in Mexico.

Globalstar, Inc. (NYSE American: GSAT), a next-generation telecommunications infrastructure and technology provider, today announced that Dr. Paul Jacobs will present at Deutsche Bank’s Global Space Summit on Wednesday, November 20, 2024, at 9:00 a.m. EST in New York, NY.

Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”) today announced its financial results for the third quarter ended September 30, 2024.