424B3

AST SpaceMobile completed a business combination in April 2021 that brought the satellite company public, raising approximately $416.9 million in net cash and $230 million from private investors, with the company reporting $3.7 million in revenue for the first half of 2021 but a net loss of $77.3 million as it continued developing its BlueWalker 3 test satellite for a planned 2022 launch. The company's warrant liabilities increased $41.7 million in fair value during the period, and it maintained $402.6 million in cash as of June 30, 2021 to fund ongoing satellite development and testing operations.