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, 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, 13 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, 13 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, 13 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, 2 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, 18 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, 16 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, 16 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, 16 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.
NASDAQ
54 days, 12 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, 14 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, 18 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, 16 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, 17 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, 16 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, 17 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, 17 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, 17 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, 17 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, 13 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, 3 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, 3 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, 12 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, 12 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, 12 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, 10 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, 1 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, 1 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, 1 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, 17 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, 3 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, 17 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, 1 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, 1 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, 12 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, 16 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, 17 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, 17 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, 18 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.
ASTS 
Ast Spacemobile, INC 
NASDAQ

10-Q: AST SpaceMobile Reports Q3 2024 Results, Highlights Satellite Launch and Financial Activities

Sentiment:
 Quarterly Report
 14 November 2024 4:25 PM

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
  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
  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. 

Summary
  • AST SpaceMobile reported a net loss attributable to common stockholders of $171.9 million for the three months ended September 30, 2024, and $264.2 million for the nine months ended September 30, 2024.
  • The company launched five first-generation commercial Block 1 BB satellites on September 12, 2024, and confirmed their readiness for use on October 29, 2024.
  • Revenue of $1.1 million and $2.5 million was recognized for the three and nine months ended September 30, 2024, respectively, from a U.S. Government contract.
  • The company completed the redemption of all outstanding public warrants on September 27, 2024, resulting in net proceeds of $153.3 million from warrant exercises.
  • A new equity distribution agreement was established on September 5, 2024, allowing for the sale of up to $400 million of Class A common stock.
  • The company incurred approximately $119 million in direct materials and launch costs for the Block 1 BB satellites.
  • The company estimates the average capital costs for a constellation of 90 Block 2 BB satellites to be approximately $19 to $21 million per satellite.
  • The company expects to send the first next-generation Block 2 BB satellite to the launch provider in March or April 2025.
Sentiment

Score: 5

Explanation: The document presents a mixed picture. While there are positive developments such as the successful satellite launch and new funding opportunities, the significant losses and ongoing need for capital raise concerns. The sentiment is neutral to slightly negative due to the financial challenges.

Positives
  • The successful launch and operational readiness of the five Block 1 BB satellites marks a significant milestone for the company.
  • The company secured $153.3 million in net proceeds from the exercise of public warrants.
  • The new equity distribution agreement provides access to up to $400 million in additional capital.
  • The company has made progress in the development of its Block 2 BB satellites and expects to send the first satellite to the launch provider in March or April 2025.
  • The company has a strong cash position of $518.9 million as of September 30, 2024.
Negatives
  • The company reported a net loss attributable to common stockholders of $171.9 million for the three months ended September 30, 2024, and $264.2 million for the nine months ended September 30, 2024.
  • The company incurred a loss of $236.9 million for the three months ended September 30, 2024, from the remeasurement of warrant liabilities.
  • The company has significant contractual commitments of $130.7 million with third parties.
  • The company is subject to various legal proceedings and claims.
  • The company has a history of losses and expects to continue to incur losses for the foreseeable future.
Risks
  • The company will need to raise additional capital to fund its operations and the launch of its satellite constellation.
  • The company's ability to access the capital markets may be impacted by market volatility.
  • The company's operations could be affected by macroeconomic conditions, geopolitical conflicts, and supply chain challenges.
  • The company is subject to various legal proceedings and claims, the outcome of which is uncertain.
  • The company's ability to achieve its business plan is subject to numerous uncertainties, many of which are beyond its control.
Future Outlook

The company plans to initiate a limited, noncontinuous SpaceMobile Service in targeted geographical areas, continue the development and testing of the next generation of commercial BB satellites, and launch up to approximately 60 Block 2 BB satellites in 2025 and 2026.

Management Comments
  • The company is leveraging the 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.
  • The company is vertically integrated for manufacturing of satellite components and subsystems to reduce our dependency on suppliers, ensure timely supply of satellite components and subsystems to meet our launch timeline, and lower the overall cost of BB satellites.
  • The company is actively engaged in planning and procurement of materials needed for assembly and readiness of the Block 2 BB satellites to meet our planned launches in 2025 and 2026.
Industry Context

The company is operating in the emerging space-based cellular broadband market, competing with other companies developing satellite-based communication technologies. The company's focus on direct-to-cell connectivity and partnerships with mobile network operators positions it to potentially disrupt the traditional telecommunications industry.

Comparison to Industry Standards
  • AST SpaceMobile's approach of using LEO satellites for direct-to-cell communication is similar to other companies like Lynk Global and Starlink, but AST SpaceMobile is focused on partnering with existing mobile network operators rather than selling directly to consumers.
  • The company's use of large phased-array antennas is a key differentiator, aiming to provide higher bandwidth and capacity compared to smaller satellite systems.
  • The company's vertical integration strategy for satellite manufacturing is similar to SpaceX's approach, aiming to reduce costs and improve supply chain control.
  • The company's financial results are typical of an early-stage space technology company, with significant losses and high capital expenditures, similar to other companies in the sector.
Stakeholder Impact
  • Shareholders are impacted by the company's financial performance, including the net loss and the need for additional capital.
  • Employees are impacted by the company's ongoing operations and development activities.
  • Customers, including mobile network operators, are impacted by the company's progress in developing and launching its SpaceMobile Service.
  • Suppliers are impacted by the company's procurement of satellite components and launch services.
  • Creditors are impacted by the company's debt obligations and ability to repay its loans.
Next Steps
  • The company plans to initiate a limited, noncontinuous SpaceMobile Service in targeted geographical areas.
  • The company will continue the development and testing of the next generation of commercial BB satellites.
  • The company expects to send the first next-generation Block 2 BB satellite to the launch provider in March or April 2025.
  • The company will continue to seek additional capital to fund its operations and satellite launches.
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 officers, and its predecessor entity and manager, alleging claims of breach of fiduciary duties, aiding and abetting such breaches, and unjust enrichment, relating to the de-SPAC merger.
  • The company and certain of its current executive officers have been named as defendants in a putative stockholder class action lawsuit pending in the United States District Court for the Western District of Texas, alleging violations of the Securities Exchange Act of 1934.
  • The company has been named as a nominal defendant and certain of its current and former executive officers and directors have been named as defendants in a derivative lawsuit pending in the United States District Court for the Western District of Texas, asserting claims for breach of fiduciary duty, abuse of control, gross mismanagement, waste of corporate assets, and violations of the Exchange Act.
Related Party Transactions
  • Vodafone, American Tower, and Rakuten have agreements with the company for commercial partnerships and board representation.
  • The company completed a series of transactions with Invesat LLC and Antares Technologies LLC, resulting in the acquisition by Antares of 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.
  • 2023-08-14: AST LLC entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC and Atlas Credit Partners, LLC.
  • 2024-01-16: The company issued subordinated convertible notes to AT&T, Google, and Vodafone.
  • 2024-01-23: The company issued shares of Class A Common Stock in a public offering.
  • 2024-01-29: The offering of Option Shares closed.
  • 2024-03-04: The company completed a series of transactions with Invesat LLC and Antares Technologies LLC.
  • 2024-05-23: The company issued subordinated convertible notes to Verizon Communications, Inc.
  • 2024-07-01: The company entered into a new Equity Distribution Agreement with 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. and UBS Securities LLC.
  • 2024-08-28: The company announced the redemption of all outstanding public warrants.
  • 2024-09-05: The company entered into a new Equity Distribution Agreement.
  • 2024-09-10: The company's stockholders approved the AST SpaceMobile, Inc. 2024 Incentive Award Plan.
  • 2024-09-12: The company launched five first-generation commercial Block 1 BB satellites.
  • 2024-09-27: The company completed the redemption of all outstanding public warrants.
  • 2024-10-10: The company and Rakuten Mobile USA Service Inc. completed a series of transactions.
  • 2024-10-29: The company determined that the five Block 1 BB satellites were ready for their intended use.
  • 2024-11-13: The company repaid the Senior Secured Credit Facility Loan.
  • 2025-02-03: The court has scheduled a hearing on the Motion to Dismiss for the Delaware Class Action Litigations.
  • 2025-03-01: The company expects to send the first next-generation Block 2 BB satellite to the launch provider in March or April 2025.
  • 2025-01-16: The holders of the Convertible Notes may convert the Convertible Notes at their option on or after this date.
Keywords
SpaceMobile, Satellite, Cellular Broadband, Launch, Warrants, Equity Offering, Financial Results, Block 1 BB Satellites, Block 2 BB Satellites, AST5000 ASIC
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.
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.
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.
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.
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.
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
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.
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.
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.

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