Form 8-K Globalstar, Inc. For: Sep 07
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GlobalStar (GSAT) Resumes Trading
September 7, 2022 2:45 PM EDTGlobalStar (NYSE: GSAT) Resumes Trading
... MoreGlobalStar (GSAT) announces agreement to be Apple's (AAPL) satellite operator
September 7, 2022 2:06 PM EDTGlobalStar (NYSE: GSAT) disclosed:
On September 7, 2022, Apple Inc. (Partner) announced new satellite-enabled services for certain of its products (the Services). Globalstar, Inc. (Globalstar or the Company) will be the satellite operator for the Services pursuant to the terms agreement (the Terms Agreement) first disclosed in the Companys Form 10-K for the year ended December 31, 2019, and certain related ancillary agreements (such agreements, together with the Terms Agreement, the Partnership Agreements). The Services constitute the potential service described in the Companys previous disclosure about the Terms Agreement.
Since execution of the Terms Agreement, the parties have completed several... More
