AST SpaceMobile (ASTS) to Offer $65M in Commmon Stock

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Go back to AST SpaceMobile (ASTS) to Offer $65M in Commmon Stock

AST SpaceMobile, Inc. Announces Launch of Offering of $65,000,000 of Class A Common Stock

November 29, 2022 4:06 PM EST

MIDLAND, Texas--(BUSINESS WIRE)-- AST SpaceMobile, Inc. (NASDAQ: ASTS) (the Company or AST SpaceMobile) announced today the launch of a public offering of $65,000,000 of its Class A common stock, par value $0.0001 per share (the Class A Common Stock). The Company will grant the underwriter a 30-day option to purchase up to an additional $9,750,000 of shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions, solely to cover over-allotments, if any. The Company intends to use the net proceeds of the offering for general corporate purposes.

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