Globalstar is a leading provider of mobile satellite and data services company that builds and operates worldwide, low-earth orbit (LEO) satellite-based digital telecommunications systems.
The company filed applications back in February with both the NASDAQ Stock Market and the New York Stock Exchange to list its common stock for trading after announcing that Globalstar believes it currently meets eligibility requirements.
Fast forward to April and the NYSE had approved Globalstar’s common stock for trading.
“Trading on the New York Stock Exchange represents yet another important milestone in Globalstar’s resurgence and has been made possible by our many important accomplishments over the past twelve months,” said Jay Monroe, Chairman and CEO of Globalstar. “Listing on the NYSE will enhance the Company’s trading liquidity as well as its visibility, all to the benefit of our loyal stockholders who have stuck with us over the past many years. Do not think for a moment that we are finished or that we plan to rest. Quite frankly, we are just getting started and look forward to continuing our resurgence.”
On April 21st, Globalstar celebrated its listing and first trade by ringing the bell at the NYSE. The company’s slogan is “Be Heard.” Following the ringing of the bell, Globalstar tweeted “we rang the bell and we were heard.”
They began trading under the ticker symbol “GSAT”.
“We welcome Globalstar to the NYSE community and look forward to a strong partnership with the Company and its stockholders,” said Scott Cutler, Executive Vice President and Head of Global Listings at NYSE Euronext. “Globalstar will join other high technology companies that benefit from NYSE’s trusted and reliable platform.”