Globalstar (GSAT) said Monday it plans to transfer its stock listing to the Nasdaq Global Select Market in Q1 2025 and has submitted an application with the exchange.
Globalstar's shares will continue trading on the NYSE American until listing on Nasdaq is completed, according to the company.
The company also said its board has authorized a reverse stock split of its common shares that will take place in Q1.
Globalstar shares were down 2.2% in recent trading.
Price: 1.77, Change: -0.04, Percent Change: -1.94
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments