Globalstar to Transfer Listing to Nasdaq, Board Approves Reverse Stock Split

MT Newswires Live

2024/11/18

Globalstar (GSAT) said Monday it plans to transfer its stock listing to the Nasdaq Global Select Market in Q1 2025 and has submitted an application with the exchange.

Globalstar's shares will continue trading on the NYSE American until listing on Nasdaq is completed, according to the company.

The company also said its board has authorized a reverse stock split of its common shares that will take place in Q1.

Globalstar shares were down 2.2% in recent trading.

Price: 1.77, Change: -0.04, Percent Change: -1.94

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