Mudrick sues Globalstar to look at books in merger [Seeking Alpha]
Globalstar, Inc. (GSAT)
Last globalstar, inc. earnings: 2/27 07:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
globalstar.com/investors
Company Research
Source: Seeking Alpha
Mudrick sues Globalstar to look at books in mergerAfterwarning of possible litigation due to an "ill-advised" merger, activist investors Mudrick Capital have sued Globalstar (GSAT-0.9%) in an attempt to open the books.The merger -- with FiberLight and other assets also controlled by Globalstar CEO Jay Monroe -- is "self-dealing," Mudrick says: “Globalstar will materially overpay for assets already controlled by Mr. Monroe, while at the same time significantly diluting its minority stockholders’ interests."Jason Mudrick's funds converted to an active stake in April and hold more than 5% of stock but would face significant dilution if the merger goes forward.Click to subscribe to real-time analytics on GSATNow read:BlackBerry: The Roller Coaster Ride Is Not Yet Over »
Show less
Read more
Impact Snapshot
Event Time:
GSAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GSAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GSAT alerts
High impacting Globalstar, Inc. news events
Weekly update
A roundup of the hottest topics
GSAT
News
- Globalstar, Inc. (AMEX:GSAT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Globalstar Announces First Quarter 2024 Financial Results and Operational Updates [Yahoo! Finance]Yahoo! Finance
- Globalstar Announces First Quarter 2024 Financial Results and Operational UpdatesBusiness Wire
- Globalstar, Inc. Earnings Release and Call NoticeBusiness Wire
- Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway [Yahoo! Finance]Yahoo! Finance
GSAT
Earnings
- 5/8/24 - Miss
GSAT
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 4/30/24 - Form 8-K
- GSAT's page on the SEC website