Summary
Globalstar, Inc. (GSAT) announced on October 4, 2017, a proposed offering of $125 million in voting common stock. This filing serves as a notification and provides accompanying documents for potential investors. The offering is being conducted under an effective registration statement, and investors are strongly advised to review the prospectus and related supplements, along with other SEC filings, for comprehensive information regarding Globalstar and the proposed transaction. The company is also providing updated risk factors and business information pertinent to this offering, which generally build upon disclosures made in their 2016 Form 10-K.
Key Highlights
- 1Globalstar announced a proposed $125 million offering of its common stock.
- 2The offering is being made pursuant to an effective registration statement filed with the SEC.
- 3The company has provided updated risk factors and business information for potential investors.
- 4These updates are generally an expansion of risk factors previously disclosed in the 2016 Form 10-K.
- 5A press release detailing the offering and updated information are attached as exhibits.
- 6Investors are encouraged to consult the prospectus and other SEC filings for a complete understanding.