2 unchanged sentences
Our common stock trades on the NYSE American under the symbol "GSAT".
−Removed: As of February 24, 2023, 1,811 million shares of our common stock were outstanding, held by 226 holders of record.
+Added: We are authorized to issue 2.2 billion shares of voting common stock.
+Added: As of February 23, 2024, 1.9 billion shares of our common stock were outstanding, held by 270 holders of record.
The number of holders of record is based upon the actual number of holders registered at such date and does not include holders of shares in street name or persons, partnerships, associates, corporations or other entities in security position listings maintained by depositories.
Preferred Stock
+Added: We are authorized to issue 100 million shares of preferred stock, of which 0.3 million shares are designated as Series A Preferred Stock.
On November 15, 2022, we issued 149,425 shares, of our 7.0% Perpetual Preferred Stock, Series A, $0.0001 par value per share, with a liquidation preference of $1,000 per share (the “Series A Preferred Stock”).
1 unchanged sentence
As of February 23, 2024, 149,425 shares of our preferred stock were outstanding, held by four holders of record.
−Removed: In January 2023, our Board of Directors declared a dividend totaling $1.3 million for the period between November 15, 2022 and December 31, 2022;
−Removed: this payment was made in January 2023.
Dividend Information
We have never declared or paid any cash dividends on our common stock.
−Removed: Prior to January 2023, we have never declared or paid any cash dividends on our preferred stock As discussed above, in November 2022, we issued shares of Series A Preferred Stock, which provides for the payment of cumulative cash dividends at a rate of 7% per annum.
−Removed: The issuance of the Series A Preferred Stock required consent from the remaining lender under our 2019 Facility Agreement.
+Added: We pay a dividend on our Series A Preferred Stock, which provides for cumulative cash dividends at a rate of 7% per annum.
Except for preferred stock dividends, we currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.