Satellite operator Globalstar, which already has Apple as a major investor, has “voluntarily” decided to quit the New York Stock Exchange (NYSE) and to join the NASDAQ exchange. The satellite operator will also carry out a reverse stock split. Globalstar has filings (using German and French regulators) to launch 3,080 satellites, but it must launch […]
Virgin Galactic, already involved in a legal spat with Boeing over an alleged misappropriation and withholding of certain proprietary IP and trade secrets, has scheduled its June 12th Annual meeting to include a proposal to create a reverse stock split for the company. The intention is for Virgin Galactic to adjust the company’s shares in […]
Terran Orbital, which has a very healthy order book for smaller satellites (including 300 for Rivada Networks), is again “compliant” as far as the New York Stock Exchange (NYSE) is concerned. It means that its shares have been traded at above $1 per share since late-February. NYSE rules state that shares priced below $1 cannot […]
The New York Stock Exchange (NYSE) has said that Israel-based satellite operator SatixFy, as of November 30th, did not comply with the exchange’s rules. One of its key rules concerns a company’s overall valuation. Businesses registered on the exchange must have a minimum stockholders’ equity of $2,000,000 in 2 of its 3 most recent fiscal […]
Terran Orbital, which is busy building 600 satellites for Rivada Networks amongst others, and is handling something of an investor revolt, is also facing a major challenge from the New York Stock Exchange (NYSE). Under NYSE rules any share that falls below $1 in value can be de-listed. On October 20th the Exchange formally warned […]
Intelsat has called an Extraordinary General Meeting (EGM) of shareholders in Luxembourg on February 8th which covers its Intelsat SA business. Intelsat says the EGM will: “Approve the sale and transfer of the entire issued share capital of Intelsat Holdings SA (‘Holdings’), being an indirect subsidiary of the Company, by Intelsat Investment Holdings Sàrl (‘Investment […]
fuboTV, the US sports-first live TV streaming platform, has announced the upsize and pricing of an underwritten public offering. The size of the offering has been increased from the previously announced 15,000,000 shares to 18,300,000 shares of common stock at a price to the public of $10.00 per share. In connection with the offering, fuboTV’s […]
fuboTV, sports-focused live TV streaming platform, has announced the launch of its public offering of 15,000,000 shares of common stock. The offering consists of 15,000,000 shares of common stock offered by fuboTV. The underwriters will have a 30-day option to buy an additional 2,250,000 shares of common stock from fuboTV at the public offering price, […]