Globalstar raised $38 million in capital from a private placement...
Globalstar raised $38 million in capital from a private placement with current institutional investors, the company said Tuesday. Investors also have an option to increase their investment, making it as much as $50 million total, the company said. Globalstar will…
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use the money for capital expenditure needs, “including procuring and deploying its second-generation constellation and other operating costs,” it said.