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<title>gsat-20210830</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV80L2ZyYWc6ZDcxOGNkODY3MGIwNGJlYTkzZGY0MTFhMjc4ZDZjZDkvdGFibGU6YThkMTAzNGRkMmJjNDEzMjkxOTQ4NWUyMTkyYjViZjgvdGFibGVyYW5nZTphOGQxMDM0ZGQyYmM0MTMyOTE5NDg1ZTIxOTJiNWJmOF8yLTEtMS0xLTA_b66d142d-eb37-47a0-afe7-050495d46507">0001366868</ix:nonNumeric><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" format="ixt:fixed-false" name="dei:AmendmentFlag" 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style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">___________</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjIz_f65f8aec-42e2-4a12-86a2-c7d1d668d84c">8-K</ix:nonNumeric></span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to Section 13 or 15(d) of the</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported): September 2, 2021 (<ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" format="ixt:date-monthname-day-year-en" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNTI_1a916088-b1ab-4b7c-9fc3-3c1c4634213c">August 30, 2021</ix:nonNumeric>)</span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI4_20605328-c309-4c47-93fb-bf46c07da5e4">GLOBALSTAR, INC.</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.234%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGFibGU6NGZiMjk3ODdiMWFkNGQ0ZmJmYWU1MDMzYmI0OTYxOGMvdGFibGVyYW5nZTo0ZmIyOTc4N2IxYWQ0ZDRmYmZhZTUwMzNiYjQ5NjE4Y18wLTAtMS0xLTA_384de294-d9eb-4365-a467-05a1c2599326">Delaware</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGFibGU6NGZiMjk3ODdiMWFkNGQ0ZmJmYWU1MDMzYmI0OTYxOGMvdGFibGVyYW5nZTo0ZmIyOTc4N2IxYWQ0ZDRmYmZhZTUwMzNiYjQ5NjE4Y18wLTEtMS0xLTA_40646daa-65cf-49b1-ba11-04100c514b95">001-33117</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGFibGU6NGZiMjk3ODdiMWFkNGQ0ZmJmYWU1MDMzYmI0OTYxOGMvdGFibGVyYW5nZTo0ZmIyOTc4N2IxYWQ0ZDRmYmZhZTUwMzNiYjQ5NjE4Y18wLTItMS0xLTA_ce680518-328e-4db1-b200-a6fe2aaee719">41-2116508</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or Other Jurisdiction of Incorporation)<br/></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission<br/>File Number)</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(IRS Employer<br/>Identification No.)</span></td></tr></table></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI5_52c1c190-7ea3-4c2b-b8da-b1fe37715ba8">1351 Holiday Square Blvd.</ix:nonNumeric> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI0_6166d1ba-8dde-4f6f-94d1-01c1d667992f">Covington</ix:nonNumeric>, <ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjMw_8294e837-c172-4026-aef2-c72778cc955b">LA</ix:nonNumeric> <ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI1_c5463522-4203-4d1a-9e16-24362042813b">70433</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Address of Principal Executive Offices)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registrant&#8217;s telephone number, including area code: (<ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjMx_339f9df8-d7f0-4f56-8016-3248e0730b27">985</ix:nonNumeric>) <ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI2_994b6740-523f-4e7d-be18-d2d63c17a80d">335-1500</ix:nonNumeric></span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N/A</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Former Name or Former Address, if Changed Since Last Report)</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:31.744%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.744%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.746%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Securities registered pursuant to section 12(b) of 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2). </span></div><div style="text-align:right"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company <ix:nonNumeric contextRef="i902511a47a65413c8574b207675cd3ae_D20210830-20210830" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOjZkZDFiNDUxNDI1YzQ1MjFiOTI3ZDhkY2VhYzBlNGM5L3NlYzo2ZGQxYjQ1MTQyNWM0NTIxYjkyN2Q4ZGNlYWMwZTRjOV8xL2ZyYWc6Y2QwNmYwOTE3YmQ1NDZiM2IwNjAwNzBiMjA2MGE4NGMvdGV4dHJlZ2lvbjpjZDA2ZjA5MTdiZDU0NmIzYjA2MDA3MGIyMDYwYTg0Y18yNjI3_1bad4e2b-4677-4d92-9471-c15b4c6dee3d">&#9744;</ix:nonNumeric> </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On August 30, 2021, Globalstar, Inc. (&#8220;Globalstar&#8221; or the &#8220;Company&#8221;) received an additional advance payment of $37.5 million from a customer on substantially the same terms as the advance payment described in the Company&#8217;s Current Report on Form 8-K filed on June 9, 2021. Globalstar will use the proceeds from the advance payment to repay a portion of the amount outstanding under its first lien credit facility. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:18pt;padding-left:18pt;padding-right:18pt;text-align:center;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.&#160;&#160;</span></div><div><span><br/></span></div><div><span><br/></span></div><div style="padding-left:180pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;GLOBALSTAR, INC.</span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">/s/ David B. Kagan</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;David B. Kagan</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chief Executive Officer</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date:  September 2, 2021</span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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{"company-data": {"conformed-name": "Globalstar, Inc.", "cik": "0001366868", "assigned-sic": "4899", "irs-number": "412116508", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33117", "film-number": "211231764"}, "business-address": {"street1": "1351 HOLIDAY SQUARE BLVD.,", "city": "COVINGTON,", "state": "LA", "zip": "70433", "phone": "408-933-4000"}, "mail-address": {"street1": "1351 HOLIDAY SQUARE BLVD.,", "city": "COVINGTON,", "state": "LA", "zip": "70433"}}
gsat-20210830
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 2, 2021 (
August 30, 2021
)
GLOBALSTAR, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-33117
41-2116508
(State or Other Jurisdiction of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1351 Holiday Square Blvd.
Covington
,
LA
70433
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (
985
)
335-1500
N/A
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to section 12(b) of the Act:
Title of each class
Trading Symbol
Name of exchange on which registered
Common Stock, par value $0.0001 per share
GSAT
NYSE American
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On August 30, 2021, Globalstar, Inc. ("Globalstar" or the "Company") received an additional advance payment of $37.5 million from a customer on substantially the same terms as the advance payment described in the Company's Current Report on Form 8-K filed on June 9, 2021. Globalstar will use the proceeds from the advance payment to repay a portion of the amount outstanding under its first lien credit facility.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GLOBALSTAR, INC.
/s/ David B. Kagan
David B. Kagan
Chief Executive Officer
Date:  September 2, 2021