$1B Convertible Notes Priced
AST SpaceMobile priced $1.0 billion in aggregate principal amount of 1.625% convertible senior notes due 2034 in a private offering to qualified institutional buyers. The notes carry an initial conversion price of approximately $79.57 per share — a 20% premium over the company’s July 15 closing price of $66.31.
The company also entered into capped call transactions with an initial cap price of $149.20 per share, a 125% premium over the same reference price, designed to reduce potential dilution upon conversion. The sale is expected to settle July 20, with initial purchasers holding an option to buy up to an additional $150 million in notes within 13 days of issuance.
Commercial Launch Delayed to 2027
AST SpaceMobile Shares Trade Lower
ASTS Price Action: At the time of publication, AST SpaceMobile shares are trading 1.33% lower at $54.28, according to data from Benzinga Pro.
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