Current Report (8-K)

On April 12, 2021, the SEC issued guidance requiring special purpose acquisition companies to classify certain warrants as liabilities measured at fair value rather than equity, which would require changes in fair value to be reported as non-cash gains or losses in earnings. AST SpaceMobile determined this new accounting treatment applies to its private placement and public warrants, necessitating a preliminary restatement of its 2020 Form 10-K and other prior filings, and the company is currently working with an independent valuation expert to assess the materiality of required adjustments. The company may file an additional Form 8-K if management, the board, or auditors conclude that previously issued financial statements should no longer be relied upon.