Get notified when GSAT files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Red Flags Detected

  • Merger Termination Fee (new) — Globalstar would owe Amazon ~$420M if the company breaches the Merger Agreement and subsequently enters an alternative transaction within 12 months.
  • Regulatory Approval Conditions (new) — Merger requires antitrust, foreign investment, and satellite/telecom clearances beyond HSR (expired July 17); regulators may impose conditions or restrictions on the combined business.
  • Satellite Launch Milestone Condition (new) — Amazon's obligation to close is conditioned on GSAT achieving certain HIBLEO-4 satellite launch and operations milestones; delays could jeopardize the transaction.
  • Interim Operating Restrictions (new) — GSAT must operate in ordinary course and obtain Amazon consent for material actions (contracts, acquisitions, debt, capex), limiting strategic flexibility during pendency period.
NASDAQ: GSAT Globalstar, Inc. 10-Q

Globalstar revenue falls 3.5% to $64.8M; net loss widens to $29.2M as Amazon merger awaits regulatory clearance

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

  • high

    Amazon merger agreement signed April 2026 at $90/share cash or stock (subject to proration and up to $110M downward adjustment). HSR waiting period expired July 17, but antitrust, foreign investment, and satellite/telecom clearances still pending. Deal can terminate April 2027 (extendable to April 2028).

    Notes: Merger Agreement with Amazon verify on EDGAR →
  • high

    Operating income swung from $6.1M gain to $4.8M loss YoY. Net loss to common widened to $29.2M (diluted EPS -$0.23) as satellite delivery delays and higher interest costs offset revenue growth in wholesale capacity services.

    MD&A: Operating Results verify on EDGAR →
  • high

    Early adoption of ASU 2025-07 derecognized $114.5M derivative asset and $86.1M debt premium, with net $28.4M cumulative adjustment to retained earnings. Eliminates quarterly mark-to-market volatility on 2024 Debt Repayment interest reduction mechanism.

    Notes: ASU 2025-07 Adoption verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (INFQ 10-Q) is open in full — no account needed.

Partner

Trade GSAT commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 20, 2026 · How we verify