Globalstar, Inc. has announced its plan to voluntarily delist its common stock from the NYSE American and transfer to the Nasdaq Global Select Market following a reverse stock split. This decision aims to bolster the attractiveness of its stock to a wider array of investors.

Trading on NYSE American is expected to cease around February 10, 2025, while the stock is anticipated to begin on Nasdaq the following day, retaining its current symbol, “GSAT.” Until the transfer, trading will continue on NYSE American.

Globalstar's strategic move is designed to complement the reverse stock split and enhance investor appeal. The company believes these changes could foster increased interest among potential investors.