Globalstar Files Registration Statement for Initial Public Offering of Common Stock
Globalstar has filed a Form S-1 with the SEC for a proposed initial public offering of shares of its common stock. They are trying to fund the launch and procurement of its second-generation satellite constellation, gateway upgrades, and the launch of the eight spare satellites. There is no number of shares or a price range for these offerings proposed yet. Consumers who are interested should contact Wachovia Capital Markets, LLC, 375 Park Avenue, NY 10152 for a copy of the prospectus. They may also email Wachovia at equity.syndicate@wachovia.com.The registration statement has been filed, however it is not effective. No one may purchase and no one can accept offers to purchase until the statement becomes effective.
Dean Hirasawa
Globalstar, INC.
July 18, 2006
posted by David and Brooke @ 8:36 AM
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