Listing Alert
MIAX Pearl
February 10, 2025 | 10:25 AM
MIAX Exchange Group - Options Markets - Corporate Action Alert: Globalstar, Inc. (GSAT)
Globalstar, Inc. (GSAT) has announced a reverse stock split effective for Tuesday, February 11, 2025. On this date, the current GSAT option class will change to GSAT1. The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list GSAT1 options. Therefore, no options on GSAT will be available for trading on Tuesday, February 11, 2025.
Globalstar, Inc. (GSAT) will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Wednesday, February 12, 2025.
All GTC orders resting on the MIAX order books in GSAT will be canceled at the close of business on Monday, February 10, 2025.
Additional details about the Globalstar, Inc. (GSAT) reverse split are provided in the attached OCC Memo.
Please contact MIAX Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.