Globalstar Files Registration Statement for Previously Consummated Second Lien Financing
27 Dicembre 2019 - 10:57PM
Business Wire
Globalstar, Inc. (NYSE American: GSAT) today announced that the
Form S-3 that was filed with the Securities and Exchange Commission
(“SEC”) just prior to the close of market trading on December 27,
2019 was a routine SEC filing to register the shares that would be
issuable upon exercise of the warrants from the second lien term
loan issued on November 26, 2019. This filing does not represent
any intention of the holders of the 2nd lien to sell these
shares.
About Globalstar
Globalstar is a leading provider of customizable Satellite IoT
Solutions for customers around the world in industries such as oil
and gas, transportation, emergency management, government, maritime
and outdoor recreation. A pioneer of mobile satellite voice and
data services, Globalstar allows businesses to streamline
operations by connecting people to their devices, supplying
personal safety and communication, and automating data to more
easily monitor and manage mobile assets via the Globalstar
Satellite Network. The Company's Commercial IoT product portfolio
includes the industry-acclaimed SmartOneTM asset tracking products,
Simplex satellite transmitters and the SPOT® product line of
personal safety, asset and communication devices, all supported on
SPOT My Globalstar, a robust cloud-based back office solution.
Completing the satellite product suite are Duplex satellite data
modems, the innovative Sat-Fi2® satellite Wi-Fi hotspot and the
Sat-Fi2® Remote Antenna Station, with all product solutions
offering a variety of data service plans. Learn more at
Globalstar.com
Note that all SPOT products described in this press release are
the products of SPOT LLC, which is not affiliated in any manner
with Spot Image of Toulouse, France or Spot Image Corporation of
Chantilly, Virginia.
Safe Harbor Language for Globalstar Releases
This press release contains certain statements that are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on current expectations and assumptions that
are subject to risks and uncertainties which may cause actual
results to differ materially from the forward-looking statements.
Forward-looking statements, such as the statements regarding our
expectations with respect to the close of a financing arrangement,
the pursuit of terrestrial spectrum authorities globally, future
increases in our revenue and profitability and other statements
contained in this release regarding matters that are not historical
facts, involve predictions. Any forward-looking statements made in
this press release are believed to be accurate as of the date made
and are not guarantees of future performance. Actual results or
developments may differ materially from the expectations expressed
or implied in the forward-looking statements, and we undertake no
obligation to update any such statements. Additional information on
factors that could influence our financial results is included in
our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K.
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version on businesswire.com: https://www.businesswire.com/news/home/20191227005288/en/
Investor Contact Information: Marcy Fluitt
investorrelations@globalstar.com
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