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Jems90
2021-09-03

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Globalstar jumps 21% after drawing additional advance $37.5 million

Globalstar has received an additional $37.5 million in advance payment from a customer, it notes in

Globalstar jumps 21% after drawing additional advance $37.5 million

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And it's whipsawed a bit this week, first&nbsp;jumping on news that Apple's iPhone was likely to include satellite connectivity, then giving back much of the gain following are&nbsp;port that the iPhone satellite features would focus only on emergency usage.</p>\n<p>But shares are still&nbsp;up 458%&nbsp;year-to-date, and they've climbed largely back toward a 52-week high reached on Feb. 10.</p>\n<p>As with the other payment, Globalstar will use the new $37.5 million in proceeds to pay down indebtedness under its first-lien credit facility.In the last report, the company had $313.4 million in long-term debt.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Globalstar jumps 21% after drawing additional advance $37.5 million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobalstar jumps 21% after drawing additional advance $37.5 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 10:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3736923-globalstar-stock-jumps-21-after-drawing-additional-advance-375-million><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Globalstar has received an additional $37.5 million in advance payment from a customer, it notes in an SEC filing.\nShares are up 11.11%.\n\nThe new payment is under\"substantially the same terms\" as a ...</p>\n\n<a href=\"https://seekingalpha.com/news/3736923-globalstar-stock-jumps-21-after-drawing-additional-advance-375-million\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GSAT":"全球星"},"source_url":"https://seekingalpha.com/news/3736923-globalstar-stock-jumps-21-after-drawing-additional-advance-375-million","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1107746304","content_text":"Globalstar has received an additional $37.5 million in advance payment from a customer, it notes in an SEC filing.\nShares are up 11.11%.\n\nThe new payment is under\"substantially the same terms\" as a similar $37.5 million payment it received on June 9.\nThe stock rose 4.8%on that day. And it's whipsawed a bit this week, first jumping on news that Apple's iPhone was likely to include satellite connectivity, then giving back much of the gain following are port that the iPhone satellite features would focus only on emergency usage.\nBut shares are still up 458% year-to-date, and they've climbed largely back toward a 52-week high reached on Feb. 10.\nAs with the other payment, Globalstar will use the new $37.5 million in proceeds to pay down indebtedness under its first-lien credit facility.In the last report, the company had $313.4 million in long-term debt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}