424B5

AST SpaceMobile raised $75 million through a public offering of 13.6 million shares of Class A common stock at $5.50 per share in November 2022, with net proceeds of approximately $69.8 million after underwriting fees. The company is developing a space-based cellular broadband network using low-earth orbit satellites designed to provide direct mobile connectivity to standard unmodified phones globally, with plans to launch five commercial BlueBird satellites in late 2023 and achieve revenue-generating service following regulatory approvals and network operator partnerships.