NT 10-Q

0001493152-21-012082 — Filed 2021-05-18

Form type: NT 10-Q

Filing date: 2021-05-18

Report date: 2021-03-31

Accepted: 2021-05-18 14:16 UTC

Description: N/A

Document: formnt10-q.htm

Format: html

Size: 37.2 KB

Download status: downloaded

AI Summary

AST SpaceMobile filed a late Form 10-Q for the quarter ended March 31, 2021, due to the substantial resources required to restate prior financial statements following the SEC's April 2021 guidance on SPAC warrant accounting. Net income for Q1 2021 is expected to drop significantly to approximately $597 thousand compared to $7.8 million in Q1 2020, primarily driven by changes in warrant fair value accounting.

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