0001366868-23-000157.txt : 20231208
0001366868-23-000157.hdr.sgml : 20231208
20231208083944
ACCESSION NUMBER: 0001366868-23-000157
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231207
FILED AS OF DATE: 20231208
DATE AS OF CHANGE: 20231208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Monroe James III
CENTRAL INDEX KEY: 0001379664
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33117
FILM NUMBER: 231474005
MAIL ADDRESS:
STREET 1: 461 SOUTH MILPITAS BLVD.
CITY: MILPITAS
STATE: CA
ZIP: 95035
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Globalstar, Inc.
CENTRAL INDEX KEY: 0001366868
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 412116508
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1351 HOLIDAY SQUARE BLVD.,
CITY: COVINGTON,
STATE: LA
ZIP: 70433
BUSINESS PHONE: 408-933-4000
MAIL ADDRESS:
STREET 1: 1351 HOLIDAY SQUARE BLVD.,
CITY: COVINGTON,
STATE: LA
ZIP: 70433
4
1
wk-form4_1702042776.xml
FORM 4
X0508
4
2023-12-07
0
0001366868
Globalstar, Inc.
GSAT
0001379664
Monroe James III
1735 NINETEENTH STREET
DENVER
CO
80202
1
0
1
0
0
Common Stock Warrant (Right to Buy)
2
2023-12-07
4
A
0
10000000
A
2028-12-07
Voting Common Stock
10000000
10000000
I
Thermo Funding II
As described more fully in the Current Report on Form 8-K filed by Globalstar, Inc. (the "Company") on December 7, 2023, the Company issued to Thermo Funding II LLC ("Thermo") a warrant (the "Warrant") to purchase 10,000,000 shares of the Company's common stock as consideration for Thermo guaranteeing (the "Guaranty") certain obligations of the Company.
5,000,000 Warrant shares became exercisable immediately upon grant. The remaining 5,000,000 Warrant shares will become exercisable in the event that Thermo advances aggregate funds of $25,000,000 or more to the Company or a permitted third party pursuant to the terms of the Guaranty.
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
2023-12-07