Globalstar's Strategic Shift: Delisting from NYSE American, Listing on Nasdaq

Globalstar, Inc. (NYSE American: GSAT) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, has announced its intention to voluntarily delist its common stock from the NYSE American and transfer its listing to the Nasdaq Global Select Market. This strategic move, combined with a planned reverse stock split, aims to enhance the stock's appeal to a broader range of investors and improve overall liquidity.

The Company believes that the voluntary delisting of its Common Stock from the NYSE American and transfer of its listing to Nasdaq, in combination with the Reverse Stock Split, could make the Common Stock more attractive to a broader range of investors. The Reverse Stock Split is intended to align trading fundamentals with peers, improve liquidity, and attract greater investment participation from a more diverse and larger set of institutional investors.

The last day of trading of the Common Stock on the NYSE American is expected to be on or around February 10, 2025. The Company expects its Common Stock will begin trading on the Nasdaq on or around February 11, 2025, subject to the completion of the Reverse Stock Split, under its current symbol, "GSAT." Until the Company’s Common Stock begins trading on NASDAQ, the Company’s Common Stock will continue to trade on the NYSE American under its current symbol, "GSAT."

Globalstar's decision to delist from NYSE American and transfer to Nasdaq is a strategic move aimed at enhancing the company's visibility, attracting a more diverse and institutional shareholder base, and improving overall liquidity. This strategic decision is expected to unlock value for shareholders over the near and long term. The Company believes that the voluntary delisting of its Common Stock from the NYSE American and transfer of its listing to Nasdaq, in combination with the Reverse Stock Split, could make the Common Stock more attractive to a broader range of investors.

The Reverse Stock Split is intended to align trading fundamentals with peers, improve liquidity, and attract greater investment participation from a more diverse and larger set of institutional investors. This move is expected to enhance the company's visibility, attract a more diverse and institutional shareholder base, and improve overall liquidity.

In conclusion, Globalstar's strategic shift from NYSE American to Nasdaq, combined with the planned reverse stock split, is expected to enhance the stock's appeal to a broader range of investors, improve liquidity, and unlock value for shareholders over the near and long term. Investors should monitor the market's reaction to the reverse split and the transition to Nasdaq, as well as the company's execution of its business strategy to leverage the benefits of the Nasdaq platform.