Brief: Amazon To Acquire Globalstar And Expand Amazon Leo Satellite Network

Globalstar

14/04/2026 13:05

April 14 (Reuters) - Globalstar GSAT.O:

AMAZON TO ACQUIRE GLOBALSTAR AND EXPAND AMAZON LEO SATELLITE NETWORK

GLOBALSTAR: STOCKHOLDERS TO ELECT TO GET EITHER $90.00 IN CASH OR 0.3210 SHARES OF AMAZON STOCK WITH VALUE CAPPED AT $90.00/SHARE FOR EACH CO'S STOCK

GLOBALSTAR: AMAZON AND APPLE SIGNED AN AGREEMENT TO PROVIDE SATELLITE CONNECTIVITY FOR CURRENT AND FUTURE IPHONE AND APPLE WATCH FEATURES

GLOBALSTAR: STOCKHOLDERS HOLDING ABOUT 58% OF COMBINED VOTING POWER OF OUTSTANDING SHARES OF CO'S COMMON STOCK APPROVED DEAL

GLOBALSTAR: TRANSACTION CONSIDERATION ALSO SUBJECT TO DOWNWARD ADJUSTMENT OF UP TO $110 MILLION IF GLOBALSTAR DOES NOT ACHIEVE SOME OPERATIONAL MILESTONES

GLOBALSTAR INC: BEGINNING IN 2028, AMAZON LEO WILL DEPLOY ITS OWN NEXT-GENERATION D2D SATELLITE SYSTEM

Source text: ID:nBw9qnv5Fa

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