© Reuters.
MIDLAND, Texas – AST SpaceMobile, Inc. (NASDAQ: ASTS), a company specializing in satellite communications, has announced a public offering of $100 million of its Class A common stock. The offering includes an option for the underwriter to purchase an additional $15 million in shares at the public offering price, with the usual underwriting discounts and commissions applied.
The net proceeds from the offering are intended for general corporate purposes. UBS Investment Bank and Barclays are serving as joint book-running managers for the offering, with Deutsche Bank Securities, B. Riley Securities, and Scotiabank participating as joint book-runners as well.
The offering is made possible by a shelf registration statement on Form S-3 that was declared effective by the U.S. Securities and Exchange Commission (SEC) on November 10, 2022.
This news article is based on a press release statement from AST SpaceMobile, Inc.
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