AST SpaceMobile, Inc. Announces Pricing of Upsized Offering of Class A Common Stock
AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing and upsizing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.
- AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing and upsizing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.
- The Company has agreed to sell 12,500,000 shares of Class A Common Stock for gross proceeds of approximately $59.4 million.
- The offering is expected to close on June 30, 2023, subject to customary closing conditions.
- The Company has granted the underwriter a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock.