Form type: 8-K
Filing date: 2022-09-08
Report date: 2022-09-08
Accepted: 2022-09-08 20:15 UTC
Items: 8.01,9.01
Description: N/A
Document: form8-k.htm
Format: html (XBRL)
Size: 42.0 KB
Download status: downloaded
Current Report (8-K)
0001493152-22-025374 — Filed 2022-09-08
AST SpaceMobile completed the sale of its 51% stake in subsidiary NanoAvionics to Norway-based Kongsberg Defence & Aerospace AS on September 8, 2022, receiving approximately €27 million in cash proceeds subject to customary working capital and debt adjustments. Additionally, InMotion Holdings LLC, owned by CEO Abel Avellan, received approximately €7.7 million from exercising an option to acquire NanoAvionics shares as part of the transaction.