Globalstar Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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Jun 30, 2024 · Filed Aug 8, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
As disclosed elsewhere in this Quarterly Report on Form 10-Q, the Company issued 7.7 million shares of its common stock to
XCOM on June 28, 2024 in respect of costs incurred under the SSA and for the release of holdback shares under the License
Agreement. This issuance was exempt under Section 4(a)(2) of the Securities Act of 1933, as amended.
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