AST SpaceMobile (ASTS) Launches $100M Share Offering

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Go back to AST SpaceMobile (ASTS) Launches $100M Share Offering

AST SpaceMobile, Inc. Announces Launch of Offering of $100,000,000 of Class A Common Stock

January 18, 2024 4:39 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 $100,000,000 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 $15,000,000 of shares of Class A Common Stock at the public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceeds of the offering for general corporate purposes.

UBS Investment Bank and Barclays are acting as joint... More