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<title>gsat-20230307</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN180L2ZyYWc6M2I3MTM5ZWEzZDRlNGRlNTk1OWQyMzQyY2IwN2Q2ZTkvdGFibGU6OGQ2ZWZmNzhiMTY1NDczMGE1NTI0MzAxMDJjMWE5ZTkvdGFibGVyYW5nZTo4ZDZlZmY3OGIxNjU0NzMwYTU1MjQzMDEwMmMxYTllOV8yLTEtMS0xLTEwMTMwOA_c6274665-8bec-4d54-a40c-1c8daedbe12b">0001366868</ix:nonNumeric><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:AmendmentFlag" format="ixt:fixed-false" 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style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGV4dHJlZ2lvbjoyOTg1N2I1NGM4ODg0ZTJhYWEzNDhmNzE1ZGVmZTAzZV80NDI5_10bf7937-5187-42f9-82ee-12b451933f7a">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): March 7, 2023 (<ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGV4dHJlZ2lvbjoyOTg1N2I1NGM4ODg0ZTJhYWEzNDhmNzE1ZGVmZTAzZV8yNTc_80bd6668-bb49-448e-9b59-784f602a03eb">March 7, 2023</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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGV4dHJlZ2lvbjoyOTg1N2I1NGM4ODg0ZTJhYWEzNDhmNzE1ZGVmZTAzZV80NDMw_624501ae-6e7e-4daa-999b-43a315b9a564">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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzMwMzQ3NGUyZTJmNDM3ZDk1Mzk2MTRkNDE5M2M5ZWEvdGFibGVyYW5nZTpjMzAzNDc0ZTJlMmY0MzdkOTUzOTYxNGQ0MTkzYzllYV8wLTAtMS0xLTEwMTMwOA_12afe7d6-ce1d-4ced-8461-892eb95b5993">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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzMwMzQ3NGUyZTJmNDM3ZDk1Mzk2MTRkNDE5M2M5ZWEvdGFibGVyYW5nZTpjMzAzNDc0ZTJlMmY0MzdkOTUzOTYxNGQ0MTkzYzllYV8wLTEtMS0xLTEwMTMwOA_ca49032b-6c85-4bfd-8077-41a809c845c4">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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzMwMzQ3NGUyZTJmNDM3ZDk1Mzk2MTRkNDE5M2M5ZWEvdGFibGVyYW5nZTpjMzAzNDc0ZTJlMmY0MzdkOTUzOTYxNGQ0MTkzYzllYV8wLTItMS0xLTEwMTMwOA_c116ca26-21a5-41e0-8c17-318099dc356d">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><br/></span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.035%"><tr><td style="width:1.0%"></td><td style="width:23.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.640%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" 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:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzQ3MjFmYmQ5NjA2NGRmYmFkMjg5Y2FiNGI1YmY5NDEvdGFibGVyYW5nZTpjNDcyMWZiZDk2MDY0ZGZiYWQyODljYWI0YjViZjk0MV8wLTAtMS0xLTEwMTMwOA_fc238ac1-c97c-4cba-882a-2f80a122aa3c">1351 Holiday Square Blvd.</ix:nonNumeric> </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzQ3MjFmYmQ5NjA2NGRmYmFkMjg5Y2FiNGI1YmY5NDEvdGFibGVyYW5nZTpjNDcyMWZiZDk2MDY0ZGZiYWQyODljYWI0YjViZjk0MV8xLTAtMS0xLTEwMTMwOA_7948955e-3dac-428c-88ac-e9e2d2b83a95">Covington,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityAddressStateOrProvince" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzQ3MjFmYmQ5NjA2NGRmYmFkMjg5Y2FiNGI1YmY5NDEvdGFibGVyYW5nZTpjNDcyMWZiZDk2MDY0ZGZiYWQyODljYWI0YjViZjk0MV8xLTEtMS0xLTEwMTMwOA_575ad8e4-df1e-4254-86b6-aea813b34a5f">LA</ix:nonNumeric></span></td><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:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YzQ3MjFmYmQ5NjA2NGRmYmFkMjg5Y2FiNGI1YmY5NDEvdGFibGVyYW5nZTpjNDcyMWZiZDk2MDY0ZGZiYWQyODljYWI0YjViZjk0MV8xLTItMS0xLTEwMTMwOA_162e9b09-0356-4ef4-8bbe-c5bb5fa88b36">70433</ix:nonNumeric></span></td></tr><tr><td colspan="6" 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%">(Address of Principal Executive Offices)</span></td><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%">(Zip Code)</span></td></tr></table></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%">Registrant&#8217;s telephone number, including area code: (<ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGV4dHJlZ2lvbjoyOTg1N2I1NGM4ODg0ZTJhYWEzNDhmNzE1ZGVmZTAzZV80NDMx_b0423bfd-baec-4ae8-a671-d10b1e948575">985</ix:nonNumeric>) <ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:LocalPhoneNumber" 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satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:0.1%"></td><td style="width:0.534%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.982%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.982%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.982%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.984%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New 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style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YTAyZDQxNzA0NTZiNGY1N2EwNDM5YTQ2M2NkZDhiM2MvdGFibGVyYW5nZTphMDJkNDE3MDQ1NmI0ZjU3YTA0MzlhNDYzY2RkOGIzY18yLTEtMS0xLTEwMTMwOA_3f774d32-1cd2-4733-bcfe-947ebd66e762">&#9744;</ix:nonNumeric></span></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6YTAyZDQxNzA0NTZiNGY1N2EwNDM5YTQ2M2NkZDhiM2MvdGFibGVyYW5nZTphMDJkNDE3MDQ1NmI0ZjU3YTA0MzlhNDYzY2RkOGIzY18zLTEtMS0xLTEwMTMwOA_7a4af4b8-595c-4ff3-9454-aafa5b4cd0ac">&#9744;</ix:nonNumeric></span></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to section 12(b) of the Act:</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%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"></td><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%">Trading Symbol</span></td><td colspan="3" style="padding:0 1pt"></td><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%">Name of exchange on which registered</span></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:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6MDRkNGVhZTVhMmZmNGViMTlmNzhkNDg1OTg1ODcyZDEvdGFibGVyYW5nZTowNGQ0ZWFlNWEyZmY0ZWIxOWY3OGQ0ODU5ODU4NzJkMV8xLTAtMS0xLTEwMTMwOA_ceeb9807-0586-49b7-9562-195a511298bd">Common Stock, par value $0.0001 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><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:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6MDRkNGVhZTVhMmZmNGViMTlmNzhkNDg1OTg1ODcyZDEvdGFibGVyYW5nZTowNGQ0ZWFlNWEyZmY0ZWIxOWY3OGQ0ODU5ODU4NzJkMV8xLTItMS0xLTEwMTMwOA_2c03cb5f-9eb0-4dbf-ae5f-7fed7b241512">GSAT</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><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:700;line-height:100%"><ix:nonNumeric contextRef="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGFibGU6MDRkNGVhZTVhMmZmNGViMTlmNzhkNDg1OTg1ODcyZDEvdGFibGVyYW5nZTowNGQ0ZWFlNWEyZmY0ZWIxOWY3OGQ0ODU5ODU4NzJkMV8xLTQtMS0xLTEwMTMwOA_cd977e15-845f-4500-85b3-9f2947d6b24e">NYSE American</ix:nonNumeric></span></td></tr></table></div><div><span><br/></span></div><div style="text-indent:18pt"><span 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="ib3dc3241efcf4fe1a2f1c6e44aad5499_D20230307-20230307" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjM2N2ZmYmM4NDllMTQwNzBiMTdiNzY3MzA4NzBjOGM3L3NlYzozNjdmZmJjODQ5ZTE0MDcwYjE3Yjc2NzMwODcwYzhjN18xL2ZyYWc6Mjk4NTdiNTRjODg4NGUyYWFhMzQ4ZjcxNWRlZmUwM2UvdGV4dHJlZ2lvbjoyOTg1N2I1NGM4ODg0ZTJhYWEzNDhmNzE1ZGVmZTAzZV80NDMz_15ff9085-954c-4785-999c-3a76684a8b33">&#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 7.01 Regulation FD Disclosure</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On March 7, 2023, Globalstar, Inc. (the "Company") reaffirmed its previously issued revenue guidance for full year 2023 on its previously announced earnings conference call. During the call, in response to a question from a participant, the Company's Chief Financial Officer indicated that the Company continues to expect that its total revenues for 2023 will be in the range of $185 million to $230 million. A recording of the earnings conference call is located on the Company's website at investors.globalstar.com. The 2023 revenue guidance that was reaffirmed can be found in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on September 7, 2022 and November 3, 2022 and the related exhibits. </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.</span></div><div style="text-align:justify"><span><br/></span></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:112%">Forward-Looking Statements</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Certain statements contained in, referenced or incorporated by reference into this Current Report on Form 8-K (the "Report"), other than purely historical information, including, but not limited to, estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding anticipated future revenues, our anticipated financial resources, our expectations for future increases in our revenue and profitability, and other statements contained in this Report regarding matters that are not historical facts, involve predictions. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other Current Reports on Form 8-K. We do not intend, and undertake no obligation, to update any of our forward-looking statements after the date of this Report to reflect actual results or future events or circumstances.</span></div><div><span><br/></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><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.</span></div><div><span><br/></span></div><div><span><br/></span></div><div style="padding-left:324pt;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 style="padding-left:144pt"><span><br/></span></div><div style="padding-left:144pt"><span><br/></span></div><div style="padding-left:144pt"><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 style="padding-left:144pt"><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 style="padding-left:144pt"><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 style="padding-left:144pt"><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: March 7, 2023</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": "23713116"}, "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-20230307
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): March 7, 2023 (
March 7, 2023
)
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)
(Zip Code)
Registrant's telephone number, including area code: (
985
)
335-1500
N/A
(Former Name or Former Address, if Changed Since Last Report)
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))
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
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).
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Item 7.01 Regulation FD Disclosure
On March 7, 2023, Globalstar, Inc. (the "Company") reaffirmed its previously issued revenue guidance for full year 2023 on its previously announced earnings conference call. During the call, in response to a question from a participant, the Company's Chief Financial Officer indicated that the Company continues to expect that its total revenues for 2023 will be in the range of $185 million to $230 million. A recording of the earnings conference call is located on the Company's website at investors.globalstar.com. The 2023 revenue guidance that was reaffirmed can be found in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on September 7, 2022 and November 3, 2022 and the related exhibits.
The information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.
Forward-Looking Statements
Certain statements contained in, referenced or incorporated by reference into this Current Report on Form 8-K (the "Report"), other than purely historical information, including, but not limited to, estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding anticipated future revenues, our anticipated financial resources, our expectations for future increases in our revenue and profitability, and other statements contained in this Report regarding matters that are not historical facts, involve predictions. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other Current Reports on Form 8-K. We do not intend, and undertake no obligation, to update any of our forward-looking statements after the date of this Report to reflect actual results or future events or circumstances.
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: March 7, 2023