Form type: S-3ASR
Filing date: 2024-09-05
Accepted: 2024-09-05 12:07 UTC
Day change: -14.00% (2024-09-05)
Description: S-3ASR
Document: d856860ds3asr.htm
Format: html
Size: 302.7 KB
Download status: downloaded
0001193125-24-213711 — Filed 2024-09-05
Form type: S-3ASR
Filing date: 2024-09-05
Accepted: 2024-09-05 12:07 UTC
Day change: -14.00% (2024-09-05)
Description: S-3ASR
Document: d856860ds3asr.htm
Format: html
Size: 302.7 KB
Download status: downloaded
AST SpaceMobile filed a shelf registration statement on September 5, 2024, allowing the company to offer Class A Common Stock, preferred stock, debt securities, warrants, and other securities in future offerings without specifying amounts or timing. The company is developing a satellite-based cellular broadband network to provide 4G LTE/5G connectivity directly to standard smartphones globally, with five Block 1 BlueBird satellites completed and awaiting launch targeted for September 12, 2024 or later, and plans to deploy approximately 95 satellites for full service coverage while generating initial revenue from government contracts and gateway equipment sales in 2024. Founder Abel Avellan and his permitted transferees control approximately 79.8% of voting power through Class C Common Stock, with the company having also secured $145 million in convertible financing from AT&T, Google, Vodafone, and Verizon Ventures as of the filing date.