NASDAQ
5 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Sells 10,000 Shares Under Pre-Arranged Trading Plan
AST SpaceMobile, Inc.'s Chief Operating Officer, Shanti B. Gupta, sold 10,000 shares of Class A Common Stock for approximately $41.84 per share under a Rule 10b5-1 trading plan.
NASDAQ
11 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Sells 15,000 Shares Under Pre-Arranged Trading Plan
AST SpaceMobile's Chief Operating Officer, Shanti B. Gupta, sold 15,000 shares of Class A Common Stock for approximately $541,200 as part of a pre-arranged Rule 10b5-1 trading plan.
NASDAQ
11 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Adriana Cisneros Granted Restricted Stock Units
AST SpaceMobile, Inc. Director Adriana Cisneros was granted 4,810 restricted stock units, aligning her interests with shareholders and vesting based on continued service.
NASDAQ
11 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Julio Torres Receives Equity Grant, Aligning Interests with Shareholders
AST SpaceMobile, Inc. Director Julio A. Torres was granted 4,810 restricted stock units, increasing his beneficial ownership to 57,438 shares.
NASDAQ
11 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CTO Sells Shares to Cover Tax Liabilities from Option Exercise
AST SpaceMobile's Chief Technology Officer, Huiwen Yao, sold 4,250 shares of Class A Common Stock for $34.6 per share to cover tax obligations related to a recent option exercise.
NASDAQ
12 days, 12 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Johan Wibergh Granted 4,810 Restricted Stock Units
AST SpaceMobile, Inc. Director Johan Wibergh has been granted 4,810 restricted stock units (RSUs) as part of his compensation, increasing his direct beneficial ownership to 28,200 Class A Common Stock shares.
NASDAQ
12 days, 12 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Richard Sarnoff Granted Restricted Stock Units
AST SpaceMobile, Inc. Director Richard Sarnoff was granted 4,810 restricted stock units, increasing his direct beneficial ownership to 77,438 Class A Common Stock shares.
NASDAQ
12 days, 12 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Ronald Rubin Granted Restricted Stock Units
AST SpaceMobile, Inc. Director Ronald L. Rubin was granted 4,810 restricted stock units (RSUs) on June 6, 2025, increasing his direct beneficial ownership to 70,438 Class A Common Stock shares.
NASDAQ
12 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Stockholders Approve Key Governance Changes, Elect Directors at Annual Meeting
AST SpaceMobile, Inc. announced the successful passage of all proposals at its 2025 Annual Meeting of Stockholders, including an amendment allowing written consent for director removal and the annual advisory vote on executive compensation.
NASDAQ
12 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile President Executes Pre-Planned Stock Sale
AST SpaceMobile President Scott Wisniewski reported the sale of 50,000 shares of Class A Common Stock at $35.65 per share on June 9, 2025, pursuant to a Rule 10b5-1 plan.
NASDAQ
18 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Chief Accounting Officer Reports RSU Grant and Tax-Related Share Withholding
AST SpaceMobile's Chief Accounting Officer, Maya Bernal, reported the grant of 20,000 restricted stock units and the withholding of 5,418 shares for tax purposes related to a prior RSU vesting.
NASDAQ
19 days, 16 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CTO Exercises Equity Options, Acquires 25,000 Class A Common Shares
AST SpaceMobile's Chief Technology Officer, Huiwen Yao, acquired 25,000 shares of Class A Common Stock through the exercise of incentive equity options.
NASDAQ
33 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile's Chief Technology Officer, Huiwen Yao, Sells 55,000 Shares
Huiwen Yao, Chief Technology Officer of AST SpaceMobile, recently sold 55,000 shares of Class A Common Stock at an average price of $26.82 per share.
NASDAQ
40 days, 1 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces $500 Million At-the-Market Offering
AST SpaceMobile enters into an equity distribution agreement to sell up to $500 million of Class A common stock through an at-the-market offering.
Capital raise
 
NASDAQ
40 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
10-Q: AST SpaceMobile Reports Q1 2025 Results, Highlights Progress on Satellite Deployment and Spectrum Acquisition
AST SpaceMobile reports its Q1 2025 financial results, showcasing advancements in satellite technology and strategic spectrum agreements.
Capital raise
 
Worse than expected
 
NASDAQ
40 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces First Quarter 2025 Results and Business Update, Plans Five Satellite Launches
AST SpaceMobile reports progress on its space-based cellular broadband network, including plans for five satellite launches and potential revenue generation in 2025.
Better than expected
 
NASDAQ
43 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
4/A: AST SpaceMobile CFO Andrew Johnson Amends Form 4 Filing to Correct Tax Withholding on RSU Vesting
Andrew Johnson, CFO and CLO of AST SpaceMobile, amended a previous Form 4 filing to correct the number of shares withheld for tax liability related to the vesting of Restricted Stock Units.
NASDAQ
43 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Shanti Gupta Disposes of Shares to Cover Tax Obligations
Shanti Gupta, COO of AST SpaceMobile, sold shares to cover tax liabilities related to the vesting of restricted stock units.
NASDAQ
43 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile President Wisniewski Disposes of Shares to Cover Tax Obligations
Scott Wisniewski, President of AST SpaceMobile, disposed of 34,432 shares of Class A Common Stock to cover tax liabilities related to vesting of Restricted Stock Units.
NASDAQ
45 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CFO Andrew Johnson Reports Tax-Related Stock Transaction
Andrew Johnson, CFO and CLO of AST SpaceMobile, reports a transaction involving the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.
ASTS 
Ast Spacemobile, INC 
NASDAQ

8-K: AST SpaceMobile Announces $500 Million At-the-Market Offering

Sentiment:
 8-K Filing
 13 May 2025 8:37 AM

AST SpaceMobile enters into an equity distribution agreement to sell up to $500 million of Class A common stock through an at-the-market offering.

Capital raise
  AST SpaceMobile has entered into an Equity Distribution Agreement to sell up to $500 million of its Class A common stock.  The shares will be sold through an at-the-market offering program.  The company intends to use the proceeds for general corporate purposes. 

Summary
  • AST SpaceMobile, Inc. has entered into an Equity Distribution Agreement to sell shares of its Class A common stock.
  • The aggregate offering price of the shares will be up to $500 million.
  • The shares will be sold from time to time through an at-the-market offering program with a term of up to 3 years.
  • B. Riley Securities, Inc., Barclays Capital Inc., BofA Securities, Inc., Cantor Fitzgerald & Co., Deutsche Bank Securities Inc., Roth Capital Partners, LLC, Scotia Capital (USA) Inc., UBS Securities LLC and William Blair & Company, L.L.C. will act as sales agents.
  • The agents will receive a commission of up to 3.0% of the gross sales price per share sold.
  • AST SpaceMobile will reimburse the agents for certain specified expenses.
  • The offering will terminate upon the sale of $500 million worth of shares, termination of the agreement, or the third anniversary of the agreement.
  • The shares will be issued under the company's shelf registration statement on Form S-3.
  • The company has terminated its prior Equity Distribution Agreement, dated September 5, 2024.
Sentiment

Score: 6

Explanation: The announcement is neutral. It's a standard financial transaction (ATM offering) which provides the company with capital but also introduces potential dilution for existing shareholders.

Positives
  • The ATM Sales Agreement provides AST SpaceMobile with flexibility in raising capital over the next three years.
  • The company has access to a significant amount of capital, up to $500 million, to fund its operations and growth initiatives.
Negatives
  • The company will incur expenses related to the ATM Sales Agreement, including commissions to the agents and reimbursement of certain expenses.
  • The sale of shares under the ATM Sales Agreement may dilute existing shareholders' ownership.
Risks
  • AST SpaceMobile is not obligated to sell any of the shares under the ATM Sales Agreement and may suspend solicitation and offers at any time.
  • There is no guarantee that the company will be able to sell all $500 million worth of shares under the ATM Sales Agreement.
  • Market conditions and investor demand may affect the company's ability to sell shares and the price at which they are sold.
  • The company's stock price may be negatively impacted by the announcement of the ATM Sales Agreement.
Future Outlook

AST SpaceMobile intends to use the proceeds from the sale of shares for general corporate purposes, as described in the prospectus.

Industry Context

At-the-market offerings are a common method for publicly traded companies to raise capital. They allow companies to sell shares gradually into the market, which can minimize the impact on the stock price compared to a traditional underwritten offering.

Comparison to Industry Standards
  • Comparable companies in the aerospace and telecommunications industries, such as Iridium Communications and Globalstar, have also utilized ATM offerings to raise capital.
  • The commission rate of up to 3.0% is within the typical range for ATM offerings.
Stakeholder Impact
  • Shareholders may experience dilution of their ownership as a result of the sale of new shares.
  • The company will have additional capital to fund its operations and growth initiatives, which could benefit stakeholders in the long term.
Next Steps
  • AST SpaceMobile will sell shares of its Class A common stock from time to time through the at-the-market offering program.
  • The company will file prospectus supplements with the SEC to disclose information about the sales of shares.
Key Dates
  • 2024-09-05: Date of the prior Equity Distribution Agreement that was terminated.
  • 2024-09-05: Date of the Base Prospectus.
  • 2025-05-13: Date of the Equity Distribution Agreement (ATM Sales Agreement).
  • 2025-05-13: Date of the Prospectus Supplement.
  • 2028-05-13: Potential termination date of the Equity Distribution Agreement (3 years from signing).
Keywords
Equity Distribution Agreement, At-the-Market Offering, Class A Common Stock, AST SpaceMobile, Capital Raise, Shares, Offering
ASTS 
Ast Spacemobile, INC 
NASDAQ
Sector: TBD
 
Filings with Classifications
Capital raise
13 May 2025 8:37 AM
8-K Filing
  • AST SpaceMobile has entered into an Equity Distribution Agreement to sell up to $500 million of its Class A common stock.
  • The shares will be sold through an at-the-market offering program.
  • The company intends to use the proceeds for general corporate purposes.
Capital raise
12 May 2025 4:52 PM
Quarterly Report
  • The company issued $460.0 million aggregate principal amount of convertible senior notes due 2032.
  • The company entered into an Equity Distribution Agreement to sell shares of Class A Common Stock having an aggregate sale price of up to $400.0 million through an at the market offering program.
  • The company plans to raise additional capital through the issuance of equity, equity-linked or debt securities (secured or unsecured), secured or unsecured loans or other debt facilities, and credit from government or financial institutions or commercial partners.
Worse than expected
12 May 2025 4:52 PM
Quarterly Report
  • The net loss attributable to common stockholders increased significantly compared to the same period last year.
  • Engineering services costs, general and administrative costs, and research and development costs all increased compared to the same period last year.
Better than expected
12 May 2025 4:35 PM
Quarterly Report
  • The company is ahead of schedule with satellite manufacturing and launch plans.
  • The company has secured contracts with the U.S. Space Development Agency and the Defense Innovation Unit.
  • The company has secured initial clearances for quasi-governmental funding with EXIM and IFC for over $500.0 million in potential new non-dilutive capital.
Capital raise
3 March 2025 9:31 PM
Annual Report
  • The company intends to seek to raise additional capital to fund the design, assembly and launch of its constellation and operation of the commercial services through the issuance of equity, equity-linked or debt securities (secured or unsecured), secured or unsecured loans or other debt facilities, and credit from government or financial institutions or commercial partners, including through its existing 2024 ATM Equity Program.
Delay expected
3 March 2025 9:31 PM
Annual Report
  • The timing of shipment of the first Block 2 BB satellite is contingent on a number of factors including satisfactory and timely completion of the assembly and testing of the Block 2 BB satellite, regulatory approvals for the launch, readiness of the launch vehicle, logistics and other factors, many of which are beyond our control.
Worse than expected
3 March 2025 9:31 PM
Annual Report
  • The company reported a net loss of $300.1 million, significantly worse than the previous year.
Capital raise
10 February 2025 11:37 PM
Beneficial Ownership Disclosure
  • The document details a Convertible Security Investment Agreement dated January 16, 2024, where AT&T Investments purchased a subordinated convertible note from AST SpaceMobile, Inc. for a principal amount of $35.0 million. This note served as a capital raise for AST SpaceMobile.
Capital raise
27 January 2025 4:05 PM
Debt Offering Announcement
  • AST SpaceMobile completed a private offering of $460 million aggregate principal amount of 4.25% Convertible Senior Notes due 2032.
  • The offering included the exercise in full of the initial purchasers option to purchase up to an additional $60 million principal amount of the Notes.
Worse than expected
27 January 2025 6:02 AM
Ownership Disclosure Amendment
  • The document indicates a dilution of ownership for existing shareholders due to the conversion of convertible notes, which is generally viewed negatively by the market.
Capital raise
22 January 2025 4:10 PM
Current Report
  • AST SpaceMobile is proposing a private offering of $400.0 million aggregate principal amount of convertible senior notes due 2032.
  • The company also intends to grant the initial purchasers of the notes in the offering an option to purchase up to an additional $60.0 million aggregate principal amount of notes.
  • The company currently has approximately $66.0 million of availability remaining under its equity distribution agreement dated September 5, 2024 entered into with the agents named therein (the 2024 ATM equity program).
  • The Company may seek to enter into a new equity ATM program in the future.
Capital raise
7 January 2025 8:01 AM
Strategic Collaboration Announcement
  • AST SpaceMobile has secured a $550 million institutional financing commitment in the form of a non-recourse senior-secured delayed-draw term loan facility.
  • The facility will be used to support payment obligations related to the AST Transaction.
Capital raise
6 January 2025 8:15 AM
Strategic Agreement Announcement
  • AST SpaceMobile has received a $550 million institutional financing commitment to finance a planned wholly owned special-purpose vehicle (SPV).
  • This financing is in the form of a non-recourse senior-secured delayed-draw term loan facility.
Worse than expected
14 November 2024 4:25 PM
Quarterly Report
  • The company's net loss attributable to common stockholders was significantly higher than the same period last year.
  • The company incurred a substantial loss from the remeasurement of warrant liabilities.
Capital raise
14 November 2024 4:25 PM
Quarterly Report
  • The company established a new equity distribution agreement on September 5, 2024, allowing for the sale of up to $400 million of Class A common stock.
  • The company plans to raise additional capital through the issuance of equity, equity-linked or debt securities, secured or unsecured loans or other debt facilities, and credit from government or financial institutions or commercial partners.
Capital raise
14 November 2024 4:24 PM
Quarterly Report
  • The company received $153.3 million in net proceeds from the redemption of publicly traded warrants.
  • They are prioritizing raising strategic capital through non-dilutive approaches, including commercial prepayments and commitments from MNO partners.
  • They have filed a formal application with the Export-Import Bank of the United States (EXIM) for debt financing.
Capital raise
5 September 2024 9:35 AM
Equity Offering Announcement
  • AST SpaceMobile has entered into an Equity Distribution Agreement to sell up to $400 million of its Class A common stock through an at-the-market offering program.
  • The company will sell shares through various sales agents over a period of up to three years.
  • The offering is intended to provide the company with additional capital for general corporate purposes.
Delay expected
4 September 2024 6:24 PM
Business Update
  • The exact timing of the orbital launch is subject to change based on various factors, including launch readiness and weather conditions.
Capital raise
14 August 2024 4:35 PM
Quarterly Report
  • The company estimates needing to raise approximately $275.0 million to $325.0 million to fund operating expenses and capital expenditures necessary to design, assemble and launch 20 Block 2 BB satellites and operate a constellation of 25 BB satellites.
  • The company plans to raise additional capital through the issuance of equity, equity-linked or debt securities (secured or unsecured), secured or unsecured loans or other debt facilities, and credit from government or financial institutions or commercial partners.
Worse than expected
14 August 2024 4:35 PM
Quarterly Report
  • The company's net loss of $72.6 million for the three months ended June 30, 2024, and $92.3 million for the six months ended June 30, 2024, is significantly higher than the previous year, indicating worse than expected financial performance.
  • The company's loss on remeasurement of warrant liabilities of $66.1 million for the three months ended June 30, 2024, and $47.9 million for the six months ended June 30, 2024, is a significant negative impact on the company's financial results.
Capital raise
14 August 2024 4:34 PM
Quarterly Report
  • Verizon has made a $100 million strategic investment, including $65 million in commercial prepayments and $35 million in convertible notes.
  • The company has additional liquidity of $51.5 million available to draw under the Senior Secured Credit Facility, subject to certain conditions and approvals.
Capital raise
30 July 2024 5:00 PM
Definitive Proxy Statement
  • The document mentions raising over $600.0 million of capital in the form of equity, convertible notes, and non-dilutive prepayments.
  • Vodafone agreed to purchase our subordinated convertible notes for an aggregate principal amount of $25.0 million.
Capital raise
29 May 2024 7:40 AM
Capital Raise Announcement
  • The company issued a $35 million subordinated convertible note to Verizon Ventures.
  • This is part of a larger $100 million investment and prepayment commitment from Verizon.
Capital raise
15 May 2024 4:19 PM
Quarterly Report
  • The company raised $110 million through convertible notes and $107.7 million from a common stock offering.
  • The company estimates it will need to raise approximately $350.0 million to $400.0 million to fund operating expenses and capital expenditures necessary to design, assemble and launch 20 Block 2 BB satellites and operate a constellation of 25 BB satellites.
  • The company plans to raise additional capital through the issuance of equity, equity-linked or debt securities, secured or unsecured loans or other debt facilities, and credit from government or financial institutions or commercial partners, including through its existing ATM Equity Program.
Worse than expected
15 May 2024 4:19 PM
Quarterly Report
  • The company's net loss increased compared to the same period last year, indicating that the company is not yet on a path to profitability.
Worse than expected
1 April 2024 4:31 PM
Annual Results and Business Update
  • The company reported a net loss of $87.561 million for the year ended December 31, 2023, which is worse than the $31.640 million loss in 2022.
  • Total operating expenses increased significantly from $152.9 million in 2022 to $222.4 million in 2023.
Capital raise
1 April 2024 4:31 PM
Annual Results and Business Update
  • The company is progressing non-dilutive quasi-governmental funding sources, with non-binding letters of interest from three institutions.
  • AST SpaceMobile has additional liquidity of $51.5 million in gross proceeds available to draw under the Senior Secured Credit Facility, subject to certain conditions and approvals.
Delay expected
1 April 2024 4:31 PM
Annual Results and Business Update
  • Production of five 700 sq. ft. Block 1 BlueBird satellites was impacted by two suppliers, leading to delays in integration and testing.
Worse than expected
1 April 2024 4:16 PM
Annual Results
  • The company reported a net loss attributable to common stockholders of $87.6 million for the year ended December 31, 2023, which is worse than the $31.6 million loss reported for the year ended December 31, 2022.
  • The company has not generated any revenues from its SpaceMobile Service to date.
Capital raise
1 April 2024 4:16 PM
Annual Results
  • The company anticipates needing to raise an additional $350 million to $400 million to fund operations and capital expenditures for 20 Block 2 BB satellites and operate a constellation of 25 BB satellites.
  • The company plans to raise additional capital through the issuance of equity, equity-linked or debt securities, secured loan facilities, or through obtaining credit from government or financial institutions or commercial partners, including through our existing Equity Line of Credit and the ATM Equity Program.
Delay expected
1 April 2024 4:16 PM
Annual Results
  • The completion of five Block 1 BB satellites has been delayed as compared to the target completion timeline due to a delay in the commencement of integration and testing of five Block 1 BB satellites.
  • The failure by suppliers of two key subsystems to meet their contractual delivery timelines contributed to this delay.
Capital raise
29 January 2024 4:10 PM
Current Report
  • The company closed an offering of 32,258,064 shares of Class A common stock.
  • The underwriters exercised an option to purchase an additional 4,838,709 shares.
  • The total net proceeds from the additional share offering were $14.1 million before expenses.
Capital raise
23 January 2024 4:10 PM
Capital Raise Announcement
  • The company closed a share offering of 32,258,064 shares, raising $94 million before expenses.
  • Underwriters have a 30-day option to purchase an additional 4,838,709 shares, potentially raising another $14.1 million before expenses.
Capital raise
18 January 2024 4:36 PM
Strategic Investment and Capital Raise Announcement
  • The company plans to raise up to $306.5 million in gross proceeds through a combination of strategic investments, a credit facility draw, and a stock offering.
  • The company is launching a registered offering of $100 million in Class A common stock.
  • The company plans to seek a waiver to draw up to an additional $51.5 million under its senior-secured credit facility.
Delay expected
18 January 2024 4:36 PM
Strategic Investment and Capital Raise Announcement
  • The dedicated orbital launch for five Block 1 BB satellites, initially scheduled for late in the first quarter of 2024, is now expected to occur in the second quarter of 2024.
Worse than expected
18 January 2024 4:36 PM
Strategic Investment and Capital Raise Announcement
  • The company's cash and cash equivalents decreased significantly from $239.3 million in 2022 to approximately $88.1 million in 2023.
  • Total operating expenses increased from $152.9 million in 2022 to between $216.8 million and $222.5 million in 2023.
  • The launch of the first five commercial BlueBird satellites has been delayed from the first quarter to the second quarter of 2024.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.