- Globalstar (NYSE:GSAT) has received a slight AH boost from the release (as expected) of a presentation meant to counter Kerrisdale Capital's very bearish report, and hosting a related CC.
- Among other things, Globalstar asserts its TLPS spectrum (declared by Kerrisdale to be worthless) is "a superior solution that can be efficiently and immediately deployed" following FCC approval, and has "significant opportunities for partner engagement."
- Shares fell 4.6% in regular trading amid a market selloff.