Globalstar to be Acquired by Amazon in Two-Step Merger

Globalstar, Inc. announced it has entered into a definitive Agreement and Plan of Merger with Amazon.com, Inc. on April 13, 2026. The transaction will involve a two-step merger process, ultimately resulting in Globalstar becoming a direct wholly-owned subsidiary of Amazon. Globalstar's Strategic Review Committee and a special subcommittee of independent directors unanimously approved the merger, determining it to be fair and in the best interests of the company and its stockholders.