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