Globalstar Inc (GSAT)

[BottomBounce]

$GSAT Globalstar Inc. (GSAT) has undergone a reverse stock split on February 11, 2025, at a ratio of 1-for-15. In practical terms, shareholders received 1 new share for every 15 shares they previously owned.

Reverse splits like this are often used when a company’s stock price drops too low. By consolidating shares, the company can raise its share price—sometimes to meet exchange listing requirements or to present a stronger image to investors.

📊 GSAT Reverse Split Snapshot
Date: February 11, 2025

Split Ratio: 1-for-15