Telesat Corporation Investigated by the Portnoy Law Firm

LOS ANGELES, Jan. 28, 2026 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises Telesat Corporation, ("Telesat" or the "Company") (NASDAQ: TSAT) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/telesat-corporation. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On January 21, 2026, bondholders filed a lawsuit against Telesat alleging that the Company is "indisputably insolvent" and unable to pay its debt, stating that the Company has “ignored its debtholders and audaciously attempted to transfer its crown jewel asset out of its creditors’ reach.”

On this news, Telesat’s stock price fell $7.27, or 21%, to close at $27.39 per share on January 21, 2026, thereby injuring investors.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA, NY and TX Bar

lesley@portnoylaw.com

310-692-8883

www.portnoylaw.com

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