AST SpaceMobile (ASTS) Announces $75 Million Committed Equity Facility
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AST SpaceMobile Announces $75 Million Committed Equity Facility
May 6, 2022 10:40 AM EDTFurther Capital Market Access Will Support Ongoing Operating Expenses and Preserve Existing Balance Sheet Cash for BlueBird Satellites
MIDLAND, Texas--(BUSINESS WIRE)-- AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced it has entered into a common stock purchase agreement with B. Riley Principal Capital, LLC (B. Riley).
The agreement governs a Committed Equity Facility that provides AST SpaceMobile with the right, without obligation, to sell... More
