Globalstar, Inc. filings document the regulatory record for a telecommunications provider built around mobile satellite services, a low Earth orbit satellite constellation, licensed Band 53/n53 spectrum and private wireless technology. Its 8-K filings report operating and financial results, material definitive agreements, capital-structure matters, shareholder voting topics, and regulatory disclosures tied to its satellite and spectrum-based business.
Proxy materials disclose board governance, executive compensation and shareholder meeting matters. The company’s formal reports also provide context on business lines such as XCOM RAN private 5G, satellite IoT capabilities, ground infrastructure expansion and communications services for enterprise, consumer, government and defense markets.
Globalstar, Inc. held its 2026 annual stockholders meeting on May 13, 2026. Stockholders elected Class B directors James F. Lynch and Timothy E. Taylor to terms running until the 2029 annual meeting, or until successors are elected and qualified.
Shareholders also ratified Ernst & Young LLP as independent registered public accounting firm for 2026 and approved, on an advisory basis, compensation for the company’s named executive officers. Of 128,591,126 shares outstanding as of March 23, 2026, 115,549,917 were represented in person or by proxy, providing a strong quorum for the votes.
Globalstar, Inc. reported higher revenue but continued losses for the quarter ended March 31, 2026 while preparing for a planned acquisition by Amazon. Total revenue rose to $70.1 million from $60.0 million, driven mainly by wholesale capacity services, largely tied to its major customer, Apple, which accounted for 66% of revenue. Service revenue reached $66.7 million, with Commercial IoT and government services both growing year over year.
The company posted an operating profit of $8.2 million, compared with an operating loss a year earlier, helped by lower depreciation and stock-based compensation, but higher interest expense and derivative losses pushed it to a net loss of $17.4 million, or $0.16 per share. Cash and cash equivalents were $358.4 million, down from $447.5 million, reflecting heavy investment in new satellites and the Extended MSS Network.
Total assets were $2.38 billion, including $1.43 billion of property and equipment, while total liabilities were $2.03 billion, leaving stockholders’ equity at $342.8 million. Globalstar continues large capital projects with MDA Space and SpaceX to build and launch replacement and third-generation satellites, supported by substantial prepayments and funding structures with its key customer. After quarter-end, the company signed a merger agreement under which Amazon would acquire Globalstar, with consideration payable in cash and/or Amazon stock, subject to regulatory approvals and milestone-based adjustments.
Globalstar reported strong first quarter 2026 growth and highlighted its pending acquisition by Amazon. Revenue reached $70.1 million, up 17% from a year earlier, driven mainly by higher wholesale capacity services and growing Commercial IoT and government revenue. Income from operations swung to a profit of $8.2 million from a prior loss, though the company still posted a net loss of $17.4 million due to higher non‑cash interest and currency impacts. Adjusted EBITDA rose to $33.5 million.
On April 13, 2026, Globalstar agreed to be acquired by Amazon. Stockholders may elect for each Globalstar share either $90.00 in cash or 0.3210 Amazon shares, with cash elections capped at 40% of total shares and potential downward adjustment of up to $110 million if certain operational milestones are not met. The deal, already approved by Globalstar’s majority stockholder, is expected to close in 2027, subject to regulatory and other conditions. Globalstar also advanced its next‑generation satellite roadmap and received FCC confirmation of its exclusive MSS rights in the Big LEO spectrum band.
Globalstar, Inc. VP & CFO Rebecca Clary reported routine equity compensation activity and related tax sales. On April 27, 2026, she acquired 9,523 shares of Voting Common Stock at $0.00 per share from the vesting of a performance share award granted on March 27, 2025.
On April 28, 2026, she sold 4,066 shares of Voting Common Stock at a volume-weighted average price of $81.2410 per share to cover taxes due under a mandatory sell-to-cover program. After these transactions, she directly holds 121,198 shares of Globalstar common stock.
GSAT files a Form 144 reporting planned sales of 4,066 shares of common stock by an issuer-related holder. The filing lists a Restricted Stock Vesting event for 4,066 shares on 04/27/2026 and prior open-market dispositions by Rebecca S. Clary totaling 6,330 shares across March–April 2026. Shares outstanding are shown as 128,591,126 as of 04/28/2026.
Globalstar, Inc.’s controlling shareholder group led by James Monroe III filed an amended Schedule 13D after agreeing to support a merger with Amazon.com, Inc. The deal values each Globalstar share at $90.00, payable in cash, Amazon stock, or stock by default, subject to an adjustment tied to certain operational milestones.
The Per Share Adjustment Amount can reduce consideration based on up to $110 million potentially payable to Apple Inc., spread across all Globalstar shares receiving merger consideration. Monroe and affiliated entities report beneficial ownership of 74,058,249 shares, or 57.59% of the common stock, based on 128,591,126 shares outstanding as of March 23, 2026, and have already delivered written consent approving the merger, after a prior 1-for-15 reverse stock split.
Globalstar, Inc. VP & Chief Financial Officer Rebecca Clary reported two transactions in Voting Common Stock. On April 14, 2026, she acquired 9,524 shares at $0.00 per share as a grant earned upon vesting of a performance share award granted on March 27, 2025. On April 15, 2026, she sold 4,037 shares at a volume-weighted average price of $79.85 per share, with the sale executed under a mandatory sell-to-cover program to satisfy taxes due on the vesting. Following the sale, she directly held 115,741 shares of Globalstar common stock.
GSAT reported a Form 144 filing reporting the planned resale of 4,037 shares of Common Stock that vested as restricted stock on 04/14/2026. The filing also lists recent dispositions by Rebecca S. Clary of 1,210 shares on 03/03/2026 for $73,924.95, 351 shares on 03/10/2026 for $19,438.00, and 762 shares on 03/11/2026 for $43,668.47.
Globalstar agreed to be acquired by Amazon in a cash-and-stock merger valued at about $11 billion. Each Globalstar share will convert into either $90.00 in cash or 0.3210 Amazon shares, with stock consideration capped so that its value does not exceed $90.00 per share.
Cash elections are limited to 40% of Globalstar shares, with any excess settled in Amazon stock, and the total consideration can be reduced by up to $110 million if specified operational milestones are not met. A majority holder group led by Thermo, owning about 57.6% of the common stock, has already approved the deal by written consent, so no further Globalstar stockholder vote is required.
The transaction is intended as a tax-free reorganization and is targeted to close in 2027, subject to antitrust, foreign investment, satellite and telecommunications approvals and HIBLEO-4 satellite milestones. If completed, Globalstar will be delisted and deregistered, Amazon will integrate Globalstar’s spectrum and satellite assets into its Amazon Leo network, and Amazon will continue and expand satellite service arrangements with Apple.
Globalstar, Inc. reported record full-year revenue of $273.0 million for 2025 and highlighted strategic expansion across satellite, ground infrastructure, terrestrial spectrum and IoT. Management noted advancement of a >50-satellite C-3 constellation, gateway/ground-station deployment, commercialization of XCOM RAN and two-way RM200M IoT modules.
The company reported Adjusted EBITDA of $136.082 million (non-GAAP) and reiterated a 2026 revenue range of $280M–$305M with an anticipated ~50% Adjusted EBITDA margin midpoint. Shares outstanding were reported at 128,591,126 as of March 23, 2026.