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Globalstar Approves Key Amendments at Annual Meeting

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Globalstar Approves Key Amendments at Annual Meeting

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The latest update is out from Globalstar ( (GSAT) ).

On May 20, 2025, Globalstar, Inc. held its annual stockholders’ meeting where several key decisions were made. The stockholders approved an amendment to the company’s Certificate of Incorporation to allow for officer exculpation under Delaware law, elected three Class A directors, ratified Ernst & Young LLP as the independent auditor for 2025, and approved an amendment to the Thermo guaranty agreement. These decisions are expected to impact the company’s governance and operational framework, potentially enhancing its strategic positioning and compliance with regulatory standards.

The most recent analyst rating on (GSAT) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Globalstar stock, see the GSAT Stock Forecast page.

Spark’s Take on GSAT Stock

According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.

Globalstar’s stock score is moderately low due to ongoing financial struggles, including high leverage and negative earnings, despite positive developments in revenue growth and strategic initiatives. Technical analysis also indicates a bearish trend, while valuation metrics highlight profitability issues.

To see Spark’s full report on GSAT stock, click here.

More about Globalstar

Globalstar, Inc. operates in the telecommunications industry, providing satellite communication services. The company focuses on offering mobile and fixed satellite voice and data services to commercial users, consumers, and government entities.

Average Trading Volume: 677,216

Technical Sentiment Signal: Sell

Current Market Cap: $2.33B

See more insights into GSAT stock on TipRanks’ Stock Analysis page.

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