Globalstar Announces Completion of Public Offering of Voting Common Stock

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Go back to Globalstar Announces Completion of Public Offering of Voting Common Stock

Globalstar (GSAT) Equity Raise Positions it to Focus on Spectrum Monetization - Chardan Capital Markets

October 12, 2017 8:37 AM EDT

Chardan Capital Markets analyst James McIlree reiterated a Buy rating and $2.50 price target on Globalstar (NYSE: GSAT), saying with the completion of a $114 million equity raise the company is now in a position to focus on monetizing its US spectrum which is currently dedicated to satellite services but the FCC has approved for use in a low-power terrestrial... More