Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq

Group 1 - Globalstar has transitioned from the New York Stock Exchange to Nasdaq, implementing a reverse stock split to address its low stock price, which was perceived as a penny stock by investors [1] - The company's stock rose over 10% during midday trading following its Nasdaq listing [1] - CEO Paul Jacobs emphasized that most of the companies he has been involved with are tech innovators listed on Nasdaq [2] Group 2 - Globalstar signed a significant $1.5 billion deal with Apple in November to expand iPhone services, which includes a feature for emergency satellite texting rolled out in 2022 [2] - The company also entered into a $1.1 billion agreement with MDA Space to develop its next generation low Earth orbit satellite constellation [3] - Globalstar aims to enable satellite features for customers to use their phones in areas lacking cell service, a market also targeted by Elon Musk's Starlink in partnership with T-Mobile [3] - The pricing model for this venture remains uncertain, as the company continues to refine its offerings based on customer needs [3]