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   Microcap & Penny StocksGlobalstar Telecommunications Limited GSAT


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From: Geoff Goodfellow12/17/2018 1:40:49 PM
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Globalstar Announces 3GPP Approval of Band 53 for 2.4 GHz Terrestrial Spectrum


Covington, LA, 12/17/2018 7:00:00 AM -- Globalstar, Inc. (NYSE American: GSAT) (“Globalstar” or the “Company”), announced that the Third Generation Partnership Project (“3GPP”) has approved a global standard for terrestrial use of Globalstar’s spectrum at 2483.5-2495 MHz.

3GPP has designated Globalstar’s terrestrial S-band as Band 53, which now permits LTE services in the U.S. with additional geographies expected to be added in 2019.

The approval provides for Time Division Duplex (“TDD”) services in Band 53 as a standalone band and allows Globalstar’s spectrum to serve as an anchor channel for carrier aggregation and LAA next year. The physical properties of the 2.4 GHz band enable high capacity indoor and outdoor applications benefiting from intensive levels of spectral reuse without the need for macro cellular coordination. Band 53 can now be integrated into user equipment and cellular infrastructure.

Uniquely, Band 53 provides a single coast-to-coast contiguous license in the U.S., and the growing number of international terrestrial approvals provide harmonization opportunities globally.

Jay Monroe, Executive Chairman of Globalstar commented, “3GPP standardization represents an important milestone in the Company’s spectrum efforts. We appreciate the industry’s support of our band and the many parties who participated in its technical development leading to approval. This process is the culmination of intensive standards work and we highly value our technical team who drove this to completion on an accelerated schedule.”

About Globalstar
Globalstar is a leading provider of mobile satellite voice and data services. Customers around the world in industries such as government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring, M2M and IoT applications. The Company's products include mobile and fixed satellite telephones, the innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices and flexible service packages.



globalstar.com

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From: Geoff Goodfellow12/17/2018 1:43:05 PM
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SEC GSAT: Settlement Agreement 8-K Filing


sec.gov

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From: Geoff Goodfellow12/18/2018 4:32:32 PM
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Globalstar, Inc. Announces Proposed Public Offering of $60 Million in Shares of Voting Common Stock

Covington, LA, 12/18/2018 3:01:00 PM - Globalstar, Inc. (“Globalstar”) (NYSE American: GSAT), a leading provider of mobile satellite voice and data services to businesses, governments, and individuals, today announced that it has commenced an offer of $60 million in shares of voting common stock in a registered underwritten public offering. The offering will be subject to market and other conditions. In addition, Globalstar intends to grant the underwriter a 30-day option to purchase up to $9 million in additional shares of voting common stock.

As required by the credit agreement with its senior lenders (the “Facility Agreement”), Globalstar intends to deposit 80% of the net proceeds from the offering in a restricted account for the benefit of the lenders under the Facility Agreement. The proceeds held in this restricted account, together with a portion of cash on hand, will be used to pay principal and interest due under the Facility Agreement in December 2018. Globalstar expects that the remainder of the proceeds from the offering will be used for general corporate purposes.

The offering will be made only to qualified and readily identifiable Globalstar stockholders on a pro rata basis, pursuant to the terms of a settlement agreement entered into in connection with a shareholder action previously filed against Globalstar. In connection with the settlement agreement, Globalstar’s controlling shareholder, Thermo Funding II, LLC and its affiliates, Mudrick Capital Management, L.P. and Warlander Asset Management have agreed to purchase their pro rata share of the offering and to backstop the balance offered to, but not purchased by, other Globalstar stockholders, on a pro rata basis based on their respective ownerships of Globalstar’s common stock.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.

The offering is being made pursuant to an effective registration statement filed with the Securities and Exchange Commission (the “SEC”). Before investing, please read the prospectus and the related prospectus supplement for the offered shares in the registration statement and other documents Globalstar has filed with the SEC for more complete information about Globalstar and this offering. These documents are available for free and may be obtained by visiting the SEC website at sec.gov. Alternatively, copies of the prospectus and prospectus supplement are available by contacting Cantor Fitzgerald & Co. LLC, Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

About Globalstar, Inc.
Globalstar is a leading provider of mobile satellite voice and data services. Customers around the world in industries such as government, emergency management, marine, logging, oil & gas and outdoor recreation rely on Globalstar to conduct business smarter and faster, maintain peace of mind and access emergency personnel. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring, M2M and IoT applications. The Company's products include mobile and fixed satellite telephones, the innovative Sat-Fi satellite hotspot, Simplex and Duplex satellite data modems, tracking devices and flexible service packages.

Investor contact information:
Samantha DeCastro
samantha.decastro@globalstar.com

Safe Harbor Language for Globalstar Releases

This press release contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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 future increases in our revenue and profitability, the completion of the proposed public offering of shares and other statements contained in this release regarding matters that are not historical facts, involve predictions. Any forward-looking statements made in this press release are believed to be accurate as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the SEC, including the prospectus and the prospectus supplement, our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

globalstar.com

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To: Geoff Goodfellow who wrote (29693)12/18/2018 5:48:48 PM
From: Geoff Goodfellow
   of 29747
 
SEC GSAT: Offering Prospectus 424B3 & Common Stock Offering 8-K Documents

sec.gov

sec.gov

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From: Geoff Goodfellow12/19/2018 9:33:59 AM
   of 29747
 
35¢ vis-a-vis "Globalstar, Inc. Announces Pricing of Public Offering of Voting Common Stock"

globalstar.com

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To: Geoff Goodfellow who wrote (29695)12/21/2018 4:21:05 PM
From: Geoff Goodfellow
   of 29747
 
Globalstar, Inc. Announces Closing of Public Offering of Voting Common Stock

globalstar.com

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To: Geoff Goodfellow who wrote (29696)12/21/2018 7:42:20 PM
From: Geoff Goodfellow
   of 29747
 
Thermo Open Market BUYs (12/20 - 12/21) at 38¢ to 46¢ & in the offering price (at 35¢) in The Public Offering disclosed:

sec.gov

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From: Geoff Goodfellow1/5/2019 10:54:21 PM
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LOOKIN' GOOD vis-a-vis Globalstar Stock Chart Technical Analysis

claytrader.com

N.B. GSAT closed right @ the 70¢ resistance point/level on Friday...

what is a Support (Support Level) ? see:
investopedia.com

what is a Resistance (Resistance Level) ? see:
investopedia.com

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From: Geoff Goodfellow2/1/2019 4:28:24 PM
   of 29747
 
this FCC filing indicates a Bluetooth version of SPOTX is in the making, viz.:

fccid.io/L2V-SPOTX/Letter/C2PC-Letter-4156097

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From: Geoff Goodfellow2/1/2019 6:18:44 PM
   of 29747
 
2019-02-01 SEC 8-K: NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER DERIVATIVE ACTION

TO: ALL RECORD AND BENEFICIAL HOLDERS OF COMMON STOCK
OF GLOBALSTAR, INC. AS OF THE CLOSE OF BUSINESS ON
DECEMBER 14, 2018 (“CURRENT GLOBALSTAR STOCKHOLDERS”)

sec.gov

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