Globalstar converts remaining warrants, raises USD 47 mln in fresh equity

Wednesday 31 March 2021 | 11:39 CET | News
Globalstar has raised new equity, meeting a deadline of 30 March agreed with its lenders to strengthen its balance sheet. The money comes from the exercise of all remaining warrants issued to its second lien lenders in November 2019, resulting in the issue of new shares with total proceeds to Globalstar of USD 47.3 million.

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Categories: Broadcast & Satellite
Companies: Globalstar
Countries: North America
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