NASDAQ
5 days, 15 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, 18 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, 18 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, 18 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, 18 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, 14 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, 14 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, 14 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, 18 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, 18 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, 16 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, 17 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, 18 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, 3 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, 18 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, 19 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, 17 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, 17 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, 17 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, 18 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.
NASDAQ
54 days, 13 hours ago 
ASTS
Ast Spacemobile, INC
SCHEDULE 13G/A: BlackRock Discloses 4.7% Stake in AST SpaceMobile Class A Stock
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a beneficial ownership of 4.7% of AST SpaceMobile, Inc.'s Class A Stock as of March 31, 2025.
NASDAQ
57 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
DEFA14A: AST SpaceMobile Files Definitive Proxy Statement
AST SpaceMobile, Inc. files a definitive proxy statement with the SEC.
NASDAQ
57 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
DEF: AST SpaceMobile Sets Date for 2025 Annual Stockholders Meeting, Proposes Key Governance Changes
AST SpaceMobile's 2025 Annual Meeting of Stockholders will be held virtually on June 6, 2025, featuring proposals for director elections, auditor ratification, and a significant amendment to the company's certificate of incorporation.
NASDAQ
73 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
4/A: AST SpaceMobile Director Johan Wibergh Reports Tax Liability Share Withholding
Director Johan Wibergh reports withholding of 253 Class A Common Stock shares for tax liability related to vesting of Restricted Stock Units.
NASDAQ
75 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile President Wisniewski Disposes of Shares for Tax Obligations
Scott Wisniewski, President of AST SpaceMobile, disposed of 23,119 shares to cover tax liabilities related to vesting restricted stock units.
NASDAQ
78 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Johan Wibergh Reports Tax Liability Stock Withholding
Director Johan Wibergh of AST SpaceMobile, Inc. reports the withholding of 252 shares of Class A Common Stock to cover tax liabilities related to vesting Restricted Stock Units.
NASDAQ
89 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Executive Maya Bernal Disposes of Shares to Cover Tax Obligations
Chief Accounting Officer Maya Bernal disposed of 3,244 shares of AST SpaceMobile's Class A Common Stock on March 21, 2025, to cover tax liabilities related to vesting restricted stock units.
NASDAQ
89 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Enters Strategic Agreements with Ligado Networks, Cerberus, and Fortress
AST SpaceMobile finalizes agreements with Ligado Networks, Cerberus Capital Management, and Fortress Credit Advisors to secure spectrum access and governance rights.
NASDAQ
95 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile President Scott Wisniewski Reports Stock Transactions
Scott Wisniewski, President of AST SpaceMobile, reports the disposition of shares to cover tax liabilities and sales on the open market.
NASDAQ
95 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Shanti Gupta Sells Shares
Shanti Gupta, Chief Operating Officer of AST SpaceMobile, sold 24,425 shares of Class A Common Stock on March 17, 2025, at a price of $28 per share.
NASDAQ
101 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
SCHEDULE 13D/A: Vodafone Converts $25 Million Note, Solidifying 6% Stake in AST SpaceMobile
Vodafone Ventures Limited and Vodafone Group Plc have increased their beneficial ownership in AST SpaceMobile, Inc. to 6.0% following the conversion of a $25 million convertible note into Class A Common Stock.
NASDAQ
103 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Ronald Rubin Sells 7,000 Shares to Cover Tax Liabilities
Director Ronald L. Rubin sold 7,000 shares of AST SpaceMobile, Inc. Class A Common Stock on March 10, 2025, to cover anticipated tax liabilities related to RSU vesting.
NASDAQ
103 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Julio A. Torres Sells Shares to Cover Tax Liabilities
Director Julio A. Torres sold 20,000 shares of AST SpaceMobile, Inc. Class A Common Stock on March 10, 2025, to cover anticipated tax liabilities related to RSU vesting.
NASDAQ
109 days, 13 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Q4 and Full Year 2024 Results, Highlights Commercial and Manufacturing Progress
AST SpaceMobile reports a milestone year in 2024, marked by commercial agreements, U.S. Government contracts, and advancements in satellite manufacturing, positioning the company as a leader in direct-to-device satellite communications.
NASDAQ
110 days, 13 hours ago 
ASTS
Ast Spacemobile, INC
10-K: AST SpaceMobile Reports FY2024 Results, Outlines Path to Commercial Launch
AST SpaceMobile's 10-K filing details the company's progress in developing its space-based cellular broadband network, including key milestones, financial results, and strategic plans for commercial launch.
Worse than expected
 
Delay expected
 
Capital raise
 
NASDAQ
114 days, 13 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile's Chief Accounting Officer Receives Stock Grant
Maya Bernal, Chief Accounting Officer of AST SpaceMobile, reports the acquisition of 3,000 shares of Class A Common Stock through a restricted stock unit (RSU) grant.
NASDAQ
131 days, 11 hours ago 
ASTS
Ast Spacemobile, INC
SCHEDULE 13D: AT&T Converts $35 Million Convertible Note into AST SpaceMobile Equity, Securing 2.7% Stake and Board Representation
AT&T Inc. and its subsidiary AT&T Venture Investments, LLC have converted a $35 million convertible note into 6.26 million shares of AST SpaceMobile, Inc. Class A Common Stock, establishing a 2.7% beneficial ownership and securing a board seat.
Capital raise
 
NASDAQ
135 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Amends Stockholders Agreement Following Rakuten Merger
AST SpaceMobile amends its stockholders agreement with Rakuten Mobile following a merger, adjusting board representation and observer rights.
NASDAQ
139 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Board Changes with Resignation and New Appointments
AST SpaceMobile has announced the resignation of Christopher Sambar from its Board of Directors and the appointment of Keith Larson and Andrew Johnson as new directors, effective January 30, 2025.
NASDAQ
142 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Sets Deadlines for 2025 Annual Meeting Proposals and Director Nominations
AST SpaceMobile has announced the date for its 2025 Annual Meeting of Stockholders and established deadlines for shareholder proposals and director nominations.
NASDAQ
145 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Issues $460 Million Convertible Senior Notes Due 2032
AST SpaceMobile successfully completes a private offering of $460 million in convertible senior notes due in 2032, aiming to bolster working capital and strategic initiatives.
Capital raise
 
NASDAQ
146 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
SCHEDULE: AST SpaceMobile CEO's Ownership Stake Diluted After Convertible Note Conversion
Abel Avellan's beneficial ownership percentage in AST SpaceMobile decreased due to the conversion of convertible notes into Class A common stock, despite no personal transactions.
Worse than expected
 
NASDAQ
150 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Proposed $400 Million Convertible Notes Offering and Provides Preliminary Financial Update
AST SpaceMobile plans to offer $400 million in convertible senior notes due 2032 and has provided a preliminary financial update, including cash, operating expenses, and capital expenditures.
Capital raise
 
NASDAQ
166 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Secures Key Spectrum Access in Strategic Deal with Ligado Networks
AST SpaceMobile has entered into a strategic collaboration with Ligado Networks, gaining access to crucial mid-band spectrum and satellite assets, contingent on bankruptcy court approval.
Capital raise
 
NASDAQ
167 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Secures Long-Term Access to Premium Mid-Band Spectrum, Bolstering Direct-to-Device Satellite Network
AST SpaceMobile has entered into an agreement with Ligado Networks for long-term access to up to 45 MHz of lower mid-band spectrum in the U.S., enhancing its direct-to-device satellite capabilities.
Capital raise
 
NASDAQ
213 days, 13 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CEO Enters Forward Contract for 2.5 Million Shares
AST SpaceMobile's CEO, Abel Avellan, through AA Gables, LLC, has entered into a forward contract to potentially sell up to 2.5 million shares of Class A Common Stock, receiving $42 million upfront.
NASDAQ
213 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile CEO Enters Personal Financial Transaction with Forward Contract
AST SpaceMobile's CEO, Abel Avellan, entered into a variable prepaid forward contract for personal financial planning, involving a small portion of his holdings and not impacting his voting rights.
NASDAQ
219 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
10-Q: AST SpaceMobile Reports Q3 2024 Results, Highlights Satellite Launch and Financial Activities
AST SpaceMobile's Q3 2024 report details the launch of its first commercial satellites, significant financial activities including warrant redemptions and equity offerings, and ongoing development of its space-based cellular network.
Worse than expected
 
Capital raise
 
NASDAQ
219 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Achieves Key Milestones in Q3 2024, Secures Launch Capacity and Government Contracts
AST SpaceMobile reports successful initial operations of its first five BlueBird satellites, secures launch agreements, and expands its government contracts in Q3 2024.
Capital raise
 
NASDAQ
246 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Executive Maya Bernal Reports Tax-Related Stock Transaction
Chief Accounting Officer Maya Bernal reports a transaction involving the withholding of shares to cover tax obligations related to vesting Restricted Stock Units.
NASDAQ
254 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CTO Sells Shares to Cover Tax Liabilities
Huiwen Yao, Chief Technology Officer of AST SpaceMobile, sold 45,000 shares of Class A common stock to cover anticipated tax liabilities related to the exercise of AST LLC Incentive Equity Options.
NASDAQ
254 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: Rakuten Mobile Acquires 28.5 Million Shares of AST SpaceMobile in Merger Transaction
Hiroshi Mikitani, a director and 10% owner of AST SpaceMobile, reports that Rakuten Mobile acquired 28,520,155 shares of AST SpaceMobile's Class A Common Stock through a series of mergers.
NASDAQ
257 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile's Chief Technology Officer Exercises Options, Acquires Class A Common Stock
Huiwen Yao, Chief Technology Officer of AST SpaceMobile, recently exercised incentive equity options to acquire 100,000 shares of Class A Common Stock.
NASDAQ
262 days, 16 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Completes Redemption of Public Warrants, Secures $153.6 Million
AST SpaceMobile has successfully completed the redemption of all outstanding public warrants, resulting in approximately $153.6 million in proceeds from warrant exercises.
NASDAQ
263 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
4/A: AST SpaceMobile President Scott Wisniewski Reports Stock Transactions and Amended Filing
Scott Wisniewski, President of AST SpaceMobile, reports acquisition and disposal of Class A Common Stock, including grants of restricted stock units (RSUs) and sales to cover tax liabilities, with an amendment to correct previously reported prices.
NASDAQ
264 days, 16 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile President Scott Wisniewski Reports Stock Transactions
Scott Wisniewski, President of AST SpaceMobile, reports acquisition and disposal of Class A Common Stock, including grants of restricted stock units and sales to cover tax liabilities.
NASDAQ
264 days, 16 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Shanti Gupta Reports Stock Transactions
Shanti Gupta, COO of AST SpaceMobile, reports acquisition of restricted stock units and sale of Class A Common Stock.
NASDAQ
264 days, 16 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CFO Andrew Johnson Receives 75,000 Restricted Stock Units
Andrew Johnson, CFO and CLO of AST SpaceMobile, was granted 75,000 restricted stock units (RSUs) on September 26, 2024, according to a Form 4 filing.
NASDAQ
265 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Preliminary Results of Public Warrant Redemption
AST SpaceMobile has announced the preliminary results of its public warrant redemption, with approximately 99.89% of warrants exercised for cash.
NASDAQ
277 days, 20 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile COO Shanti Gupta Reports Stock Transactions
Shanti Gupta, COO of AST SpaceMobile, reports the acquisition and disposal of Class A Common Stock, including a grant of Restricted Stock Units and a transaction to cover tax liabilities.
NASDAQ
282 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director, Adriana Cisneros, Receives Stock Grant
Adriana Cisneros, a director of AST SpaceMobile, was granted 5,744 restricted stock units on September 10, 2024.
NASDAQ
283 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Richard Sarnoff Receives Stock Grant
Richard Sarnoff, a director at AST SpaceMobile, was granted 5,744 restricted stock units on September 10, 2024.
NASDAQ
283 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Julio A. Torres Reports Stock Grant
Director Julio A. Torres reports receiving a grant of 5,744 restricted stock units in AST SpaceMobile, Inc.
NASDAQ
283 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Johan Wibergh Reports Stock Grant
Director Johan Wibergh of AST SpaceMobile, Inc. reports the acquisition of 5,744 shares of Class A Common Stock through a restricted stock unit grant.
NASDAQ
283 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Ronald Rubin Reports Stock Grant
Director Ronald Rubin reports receiving a grant of restricted stock units in AST SpaceMobile, Inc.
NASDAQ
284 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Adriana Cisneros Reports Stock Purchases
Director Adriana Cisneros reported several purchases of AST SpaceMobile (ASTS) Class A Common Stock through various entities.
NASDAQ
284 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Stockholders Approve 2024 Incentive Award Plan and Elect Directors
AST SpaceMobile's stockholders approved the 2024 Incentive Award Plan and elected ten directors at the 2024 Annual Meeting.
NASDAQ
290 days, 2 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces $400 Million At-the-Market Equity Offering
AST SpaceMobile has entered into an agreement to sell up to $400 million of its Class A common stock through an at-the-market offering program.
Capital raise
 
NASDAQ
290 days, 17 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Targets September 12th Launch for BlueBird Satellites, Expects $155 Million from Warrant Exercise
AST SpaceMobile announces a targeted launch date of September 12th for its first five commercial BlueBird satellites and anticipates over $155 million in proceeds from warrant exercises.
Delay expected
 
NASDAQ
298 days, 3 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Redemption of Public Warrants
AST SpaceMobile will redeem all outstanding public warrants for $0.01 each if not exercised by September 27, 2024.
NASDAQ
304 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Executive Receives Stock Awards
Maya Bernal, Chief Accounting Officer of AST SpaceMobile, reports acquisition of Class A Common Stock through restricted stock awards.
NASDAQ
311 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
10-Q: AST SpaceMobile Reports Q2 2024 Results, Highlights Progress in Satellite Development and Commercialization
AST SpaceMobile's Q2 2024 report details financial results, progress in satellite development, and strategic commercial agreements, including revenue from a U.S. government contract.
Worse than expected
 
Capital raise
 
NASDAQ
311 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Advances Towards Launch with Verizon Investment and Q2 Results
AST SpaceMobile is preparing for the launch of its first five commercial satellites in September, having secured a $100 million investment from Verizon and reporting its second quarter 2024 financial results.
Capital raise
 
NASDAQ
326 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
DEFA14A: AST SpaceMobile Files Definitive Proxy Statement
AST SpaceMobile has filed a definitive proxy statement with the SEC, signaling upcoming shareholder actions.
NASDAQ
326 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
DEF 14A: AST SpaceMobile Sets Date for 2024 Annual Stockholders Meeting, Outlines Key Proposals
AST SpaceMobile's 2024 Annual Meeting of Stockholders will be held virtually on September 10, 2024, to vote on director elections, auditor ratification, and an incentive award plan.
Capital raise
 
NASDAQ
331 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Completes Assembly of First Five Commercial Satellites, Eyes September Launch
AST SpaceMobile announces the successful completion of assembly for its first five commercial Bluebird satellites, with shipment to Cape Canaveral planned for the first week of August and a 7-day launch window in September.
NASDAQ
361 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces Executive Leadership Team Reorganization to Drive Growth
AST SpaceMobile has strategically realigned its executive leadership team to accelerate commercialization and manufacturing efforts for its space-based cellular broadband network.
NASDAQ
362 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Appoints AT&T's Chris Sambar to Board Following Resignation
AST SpaceMobile has appointed Christopher Sambar, Head of Network at AT&T, to its Board of Directors, effective June 20, following the resignation of Alexander Coleman.
NASDAQ
380 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Amends Stockholders and Registration Rights Agreements, Adds AT&T Board Observer
AST SpaceMobile has amended its Stockholders Agreement and Registration Rights Agreement to accommodate changes in ownership and grant AT&T governance rights, including a potential board observer or director seat.
NASDAQ
381 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Director Johan Wibergh Receives Stock Grant
Director Johan Wibergh received 17,899 shares of AST SpaceMobile Class A Common Stock on June 3, 2024, as part of a restricted stock unit grant.
NASDAQ
382 days, 15 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Executive Shanti Gupta Reports Stock Transactions
Shanti Gupta, Chief Accounting Officer of AST SpaceMobile, reports acquisition and disposal of Class A Common Stock related to vesting of Restricted Stock Units.
NASDAQ
382 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Appoints Telecom Veteran Johan Wibergh to Board of Directors
AST SpaceMobile has appointed Johan Wibergh, a seasoned telecom executive, to its Board of Directors, effective June 3, 2024.
NASDAQ
389 days, 4 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Secures $100 Million Investment and Prepayment Commitment from Verizon
AST SpaceMobile has entered into an agreement with Verizon for a $100 million investment and commercial prepayment commitment, including a $35 million convertible note and $65 million in prepaid service revenue.
Capital raise
 
NASDAQ
402 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
10-Q: AST SpaceMobile Reports Q1 2024 Results, Secures Key Funding and Commercial Agreement
AST SpaceMobile reported its first quarter 2024 results, highlighting progress in satellite development, securing significant funding, and establishing a commercial agreement with AT&T.
Worse than expected
 
Capital raise
 
NASDAQ
402 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Reports Q1 2024 Results, On Track for Satellite Launch
AST SpaceMobile is on target for a July or August launch of its first five commercial satellites and has signed a six-year commercial agreement with AT&T.
NASDAQ
403 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile CFO Sean Wallace Disposes of Shares to Cover Tax Obligations
Sean Wallace, CFO of AST SpaceMobile, disposed of 9,340 shares of Class A Common Stock on May 10, 2024, to cover tax liabilities related to vesting of Restricted Stock Units.
NASDAQ
409 days, 14 hours ago 
ASTS
Ast Spacemobile, INC
Form 4: AST SpaceMobile Executive Receives 300,000 Restricted Stock Units
Andrew Martin Johnson, Chief Legal Officer of AST SpaceMobile, was granted 300,000 restricted stock units (RSUs) on May 6, 2024, according to a Form 4 filing with the SEC.
NASDAQ
411 days, 18 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Appoints Andrew Johnson as Chief Legal Officer, Brian Heller Departs
AST SpaceMobile has appointed Andrew Johnson as its new Chief Legal Officer, effective May 6, 2024, following the departure of Brian Heller on May 1, 2024.
NASDAQ
446 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
8-K: AST SpaceMobile Announces 2023 Financial Results and Business Update, Secures Key Partnerships and Regulatory Approvals
AST SpaceMobile reports its 2023 financial results, highlights key partnerships, regulatory approvals, and progress in satellite production and launch plans.
Worse than expected
 
Delay expected
 
Capital raise
 
NASDAQ
446 days, 19 hours ago 
ASTS
Ast Spacemobile, INC
10-K: AST SpaceMobile Navigates Financial Landscape: Reports Progress on Satellite Development Amidst Ongoing Losses
AST SpaceMobile's 10-K filing reveals continued investment in its SpaceMobile service and satellite technology, alongside significant operating losses and reliance on future capital raises.
Worse than expected
 
Delay expected
 
Capital raise
 
ASTS 
Ast Spacemobile, INC 
NASDAQ

10-Q: AST SpaceMobile Reports Q1 2024 Results, Secures Key Funding and Commercial Agreement

Sentiment:
 Quarterly Report
 15 May 2024 4:19 PM

AST SpaceMobile reported its first quarter 2024 results, highlighting progress in satellite development, securing significant funding, and establishing a commercial agreement with AT&T.

Worse than expected
  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. 

Capital raise
  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. 

Summary
  • AST SpaceMobile reported a net loss attributable to common stockholders of $19.7 million for the first quarter of 2024, compared to a $16.3 million loss in the same period of 2023.
  • The company recognized $0.5 million in revenue from a U.S. government contract, a new revenue stream for the company.
  • Operating expenses totaled $56 million, with significant increases in depreciation and amortization due to the BlueWalker 3 test satellite.
  • The company secured $110 million in convertible notes and $107.7 million from a common stock offering, significantly boosting its cash position.
  • AST SpaceMobile is advancing the assembly of its first five commercial Block 1 BB satellites, with a launch targeted between July and August 2024.
  • The company has also commenced the design and development of its Block 2 BB satellites, which are expected to have significantly higher throughput capacity.
  • A commercial agreement with AT&T was finalized in May 2024, which will provide revenue based on a percentage of gross monthly revenue from services enabled by the satellite services.
Sentiment

Score: 6

Explanation: The document presents a mixed picture. While the company has made progress in satellite development, secured significant funding, and established a commercial agreement, it is still operating at a loss and faces significant risks and challenges. The sentiment is cautiously optimistic, reflecting the potential of the technology but also the uncertainties of the business.

Positives
  • The company successfully secured $110 million in convertible notes and $107.7 million from a common stock offering, significantly strengthening its financial position.
  • The company has made significant progress in the assembly and testing of its first five Block 1 BB satellites, with a launch targeted for July-August 2024.
  • The company has completed the design and commenced the tape-out of its AST5000 ASIC chip, which is expected to enhance the performance of the Block 2 BB satellites.
  • The company finalized a commercial agreement with AT&T, which will provide a revenue stream based on a percentage of gross monthly revenue from services enabled by the satellite services.
  • The company has begun to generate revenue from a U.S. government contract, diversifying its revenue streams.
Negatives
  • The company reported a net loss of $19.7 million for Q1 2024, an increase from the $16.3 million loss in Q1 2023.
  • Operating expenses increased to $56 million, driven by higher depreciation and amortization costs.
  • Research and development costs decreased by $12.1 million, which may indicate a slowdown in certain development activities.
  • The company is still in the pre-revenue stage for its core SpaceMobile service, relying on external funding to support operations.
Risks
  • The company is subject to various legal proceedings, including class action lawsuits, which could have a material adverse effect on its financial statements.
  • The company's ability to launch satellites and initiate commercial services is contingent on various factors, including regulatory approvals, launch provider schedules, and weather conditions, many of which are beyond its control.
  • The company's future success depends on its ability to raise additional capital, and there is no assurance that such capital will be available on favorable terms or at all.
  • The company is exposed to risks associated with macroeconomic conditions, including inflation, supply chain challenges, and geopolitical conflicts, which could adversely affect its operations and financial condition.
  • The company is an early-stage company and is subject to all of the risks associated with early-stage and emerging growth companies.
Future Outlook

The company plans to launch its first five Block 1 BB satellites between July and August 2024 and initiate a limited, noncontinuous SpaceMobile Service in targeted geographical areas. The company also plans to continue the development and testing of the next generation of BB satellites (Block 2 BB satellites) and launch the first Block 2 BB satellite between December 15, 2024 and March 31, 2025. The company expects to generate revenue from the resale of gateway equipment and associated services to MNOs and other third parties in 2024.

Management Comments
  • The company intends to continue testing capabilities of the BW3 test satellite, including further testing with cellular service providers and devices.
  • The company is leveraging skills, know-how and technological expertise derived from the design and assembly of our BW3 test satellite in the development and assembly of our first generation of commercial BB satellites (Block 1 BB satellites).
  • The company believes it will benefit from the skills, technological expertise, and manufacturing know-how derived from the assembly and testing of our Block 1 BB satellite in the development and assembly of our Block 2 BB satellites.
Industry Context

AST SpaceMobile is operating in the emerging market of direct-to-cell satellite connectivity, aiming to provide broadband services to standard mobile devices. This market is characterized by high capital requirements, technological complexity, and regulatory hurdles. The company's progress in satellite development and securing commercial agreements positions it as a potential player in this space, competing with other satellite-based communication providers and terrestrial mobile network operators.

Comparison to Industry Standards
  • AST SpaceMobile's approach of using LEO satellites to provide direct-to-cell connectivity is similar to other companies like Lynk Global and Starlink, but with a focus on integrating with existing mobile network operators.
  • The company's reported download speeds of 14 Mbps using 5G connectivity are competitive with other satellite-based internet services, but the company is still in the testing phase.
  • The company's capital expenditure estimates for the Block 1 BB satellites are in line with other satellite development programs, but the company's ability to secure additional funding will be critical for its long-term success.
  • The company's commercial agreement with AT&T is a significant milestone, as it validates the company's technology and business model and provides a potential revenue stream.
Stakeholder Impact
  • Shareholders are impacted by the company's financial performance, including the net loss and the need for additional capital raises.
  • Employees are impacted by the company's operational progress and the potential for future growth.
  • Customers, including mobile network operators, are impacted by the company's ability to launch its SpaceMobile service and provide reliable connectivity.
  • Suppliers are impacted by the company's procurement activities and its ability to meet its contractual obligations.
  • Creditors are impacted by the company's debt obligations and its ability to meet its financial covenants.
Next Steps
  • The company plans to transport the five Block 1 BB satellites from its assembly facilities to the launch site between July and August 2024.
  • The company plans to initiate a limited, noncontinuous SpaceMobile Service in targeted geographical areas following the launch and deployment of five Block 1 BB satellites.
  • The company plans to continue the development and testing of the next generation of BB satellites (Block 2 BB satellites).
  • The company plans to launch the first Block 2 BB satellite between December 15, 2024 and March 31, 2025.
Legal Proceedings
  • The company is subject to various legal proceedings and claims that have arisen in the ordinary course of business.
  • Two stockholders filed putative class action complaints in the Delaware Court of Chancery against the company, certain current and former directors, and its predecessor entity and manager, alleging claims of breach of fiduciary duties and aiding and abetting such breaches, relating to the de-SPAC merger.
  • A federal putative class action complaint was filed in the Western District of Texas against the company, Abel Avellan, and Sean Wallace, which asserts claims for violations of the federal securities laws, and generally alleges that the company and individual defendants made materially false and misleading statements relating to the status and timeline of satellite production in November 2023 April 2024.
Related Party Transactions
  • Vodafone has agreed to enter into one or more definitive agreements for a commercial partnership that is anticipated to use the SpaceMobile Service.
  • AST LLC entered into a side letter with Vodafone dated December 15, 2020, under which AST LLC has agreed to certain restrictions and obligations.
  • On January 16, 2024, the company entered into the Investment Agreement with Vodafone, among others, where Vodafone agreed to purchase the company's Convertible Notes for an aggregate principal amount of $25.0 million.
  • AST LLC and American Tower have entered into a side letter agreement which contemplates that AST LLC and American Tower will enter into commercial agreements to use American Tower facilities for the terrestrial gateway facilities in certain markets.
  • On February 4, 2020, AST LLC entered into a commercial agreement with Rakuten for the development of exclusive network capabilities in Japan.
  • On March 4, 2024, the company and Invesat LLC completed a series of transactions resulting in the acquisition by Antares Technologies LLC of 10,445,200 shares of the company's Class A Common Stock.
Key Dates
  • 2020-02-04: AST LLC entered into a commercial agreement with Rakuten.
  • 2022-05-06: The company entered into a Common Stock Purchase Agreement with B. Riley Principal Capital, LLC.
  • 2022-09-08: The company entered into an Equity Distribution Agreement with Evercore Group L.L.C. and B. Riley Securities, Inc.
  • 2022-09-10: The company launched its BlueWalker 3 (BW3) test satellite.
  • 2022-11-14: The company announced the completion of the deployment of the communication phased array antenna of the BW3 test satellite in orbit.
  • 2023-04-25: The company announced that it had successfully completed two-way voice calls directly to standard unmodified smartphones using the BW3 test satellite.
  • 2023-06-21: The company announced that it had achieved repeated successful 4G download speeds of above 10 megabits per second (Mbps) to standard unmodified smartphones using the BW3 test satellite.
  • 2023-08-14: The company entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC and Atlas Credit Partners, LLC.
  • 2023-09-19: The company announced it had achieved repeated successful two-way voice calls directly to standard unmodified smartphones using 5G connectivity and successful download speeds of approximately 14 Mbps utilizing 5 megahertz (Mhz) of low band spectrum via the BW3 test satellite.
  • 2024-01-16: The company entered into a Convertible Security Investment Agreement with AT&T, Google and Vodafone.
  • 2024-01-23: The company issued 32,258,064 shares of Class A Common Stock in a public offering.
  • 2024-01-29: The offering of the Option Shares closed for proceeds of $14.1 million.
  • 2024-03-04: The company and Invesat LLC completed a series of transactions resulting in the acquisition by Antares Technologies LLC of 10,445,200 shares of the company's Class A Common Stock.
  • 2024-03-31: End of the first quarter of 2024.
  • 2024-04-17: A federal putative class action complaint was filed in the Western District of Texas against the company, Abel Avellan, and Sean Wallace.
  • 2024-04-29: The court entered a stipulation by the parties to both Delaware class action litigations to be consolidated.
  • 2024-05-10: AST LLC and AT&T Services entered into a space-based wireless connectivity agreement.
  • 2024-05-13: As of this date, there were 139,621,085 shares of Class A common stock, 39,747,447 shares of Class B common stock, and 78,163,078 shares of Class C common stock issued and outstanding.
  • 2024-05-15: Date of the filing of the 10-Q report.
Keywords
SpaceMobile, Satellite, Cellular Broadband, Low Earth Orbit, LEO, 5G, 4G-LTE, AST5000 ASIC, AT&T, Convertible Notes, Common Stock Offering, BlueWalker 3, Block 1 BB Satellites, Block 2 BB Satellites
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.
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
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.
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.
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.
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 4:24 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.
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 4:35 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.
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.
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.
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.
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.
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.
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 4:16 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.
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.
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.
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.
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.
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.

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.