Aug. 26 at 2:15 PM
$GSAT July–Aug 2025NDAs signed—Party A (July 16), Party C (Aug 21), Party B (Aug 29). Early talks with Amazon also ongoing.Late Aug 2025Party AVerbal preliminary indication of valueSpecial committee did not counter immediately.Sep 23, 2025Party C
$4–5 billion total (~
$31.58–
$39.47/share)Initial IOI. Open to full equity buy, spectrum assets only, or just Globalstar’s interest in the Apple partnership. Wanted exclusivity.Oct 6, 2025Party C (updated)~
$8 billion (
$4B cash +
$4B Party C stock) → ~
$63.15/shareHigher, mixed consideration. Still needed Apple alignment.Oct 6, 2025Party BVerbal: ~
$5–6 billion range (~
$39.47–
$47.37/share)Early indication.Oct 16, 2025Amazon
$47.50/share all-cashFirst formal Amazon IOI. Stock was trading ~
$44.OCT 17, 2025Party AStock valued
$34–
$45/share + CVRs (85% of future spectrum monetization proceeds)Contained contingent value rights tied to spectrum.Oct 17, 2025Party C (verbal)“Mid-teens billions”Higher aspirational number...
