424B3

On May 6, 2022, AST SpaceMobile entered into a Common Stock Purchase Agreement with B. Riley Principal Capital allowing the company to sell up to $75 million in Class A shares at volume-weighted average prices with a 3% discount, subject to a 19.99% ownership cap and various conditions. The company received 21,969 initial commitment shares and will receive additional commitment shares upon hitting funding milestones, with the agreement lasting 24 months from the effective registration date and terminable by the company with five trading days' notice.