Form type: SC 13D/A
Filing date: 2021-11-26
Accepted: 2021-11-26 20:30 UTC
Description: AMENDMENT NO. 1 TO SCHEDULE 13D
Document: ea151387-13da1rakuten_ast.htm
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SC 13D/A
0001213900-21-062156 — Filed 2021-11-26
Rakuten Group entities completed a business combination with AST SpaceMobile on April 6, 2021, acquiring 28.5 million common units that are convertible into Class A shares starting April 6, 2022, plus 2.5 million Class A shares purchased directly at $10 per share, giving Rakuten combined beneficial ownership of approximately 38.6% of the company. The transaction included governance rights allowing Rakuten to nominate two board members and contains transfer restrictions on the securities until April 6, 2022, with Rakuten retaining the right to review its investment and potentially engage in discussions regarding extraordinary corporate transactions.