Globalstar (GSAT) said late Tuesday it plans to voluntarily delist shares of its common stock from the NYSE American and transfer its listing to the Nasdaq Global Select Market after the completion of its reverse stock split.
The company expects the last day of trading of its common stock on the NYSE American to be around Feb. 10 and the start of trading on Nasdaq around Feb. 11 under its current symbol "GSAT."
The company said the listing transfer and the stock split "could make the common stock more attractive to a broader range of investors."
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