Form type: 8-K
Filing date: 2022-09-09
Report date: 2022-09-08
Accepted: 2022-09-09 00:45 UTC
Items: 1.01,9.01
Description: N/A
Document: form-8k.htm
Format: html (XBRL)
Size: 49.3 KB
Download status: downloaded
Current Report (8-K)
0001493152-22-025416 — Filed 2022-09-09
AST SpaceMobile entered into an at-the-market equity distribution agreement with Evercore Group and B. Riley Securities on September 8, 2022, authorizing the sale of up to $150 million in Class A common stock over two years at a commission rate of 3.0%. The company is not obligated to sell any shares under the agreement and may suspend the offering at any time, while also maintaining a separate $75 million common stock purchase agreement with B. Riley that will remain subordinate to this new distribution arrangement.