AST SpaceMobile prices USD 1 billion convertible senior notes due 2034

AST SPACEMOBILE INC

AST SPACEMOBILE INC

ASTS

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  • AST SpaceMobile priced a private offering of USD 1 billion 1.625% convertible senior notes due 2034.
  • Initial conversion price set at USD 79.57 per share; capped call cap price set at USD 149.20 per share.
  • Settlement expected July 20, 2026; initial purchasers hold an option to buy up to an extra USD 150 million of notes.
  • Net proceeds estimated at USD 983.6 million; USD 96.9 million earmarked for capped call costs.
  • Remaining proceeds targeted for growth initiatives, including securing additional access to orbit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AST Spacemobile Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260715092237) on July 16, 2026, and is solely responsible for the information contained therein.

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