Certain Common Stock of Globalstar, Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2018.
January 03, 2018
Share
Certain Common Stock of Globalstar, Inc. are subject to a Lock-Up Agreement Ending on 3-JAN-2018. These Common Stock will be under lockup for 90 days starting from 5-OCT-2017 to 3-JAN-2018.
Details:
The directors and executive officers and Thermo Capital Partners LLC and its affiliated entities that own stock have agreed that they will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of common stock or any securities convertible into or exercisable or exchangeable for shares of common stock, enter into any swap or other arrangement, for a period of 90 days after the date of the final prospectus, without the prior approval of Morgan Stanley & Co. LLC.
Globalstar, Inc. is an international telecom infrastructure provider. The Company provides mobile satellite services, including voice and data communications services, as well as wholesale capacity services through its global satellite network. It offers these services over its network of in-orbit satellites and ground stations (gateways) pursuant to its spectrum licenses (collectively, Globalstar System). Its communications services include two-way voice communication and data transmissions via its GSP-1600 and GSP-1700 phone; one-way or two-way communication and data transmissions using mobile devices, including its SPOT family of products; one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station; satellite network access and related services utilizing its satellite spectrum and network of satellites and gateways, and engineering and other communication services using the Globalstar System.
GLOBALSTAR, INC. 
