Current Report (8-K)

AST SpaceMobile filed a petition with the Delaware Court of Chancery on February 16, 2023, seeking validation of its 2021 charter amendment and all securities issued under it, following uncertainty created by a recent court ruling on whether the amendment required separate class votes. The court expedited the hearing to March 14, 2023, and if the company fails to obtain validation, it could face material adverse impacts on its ability to issue stock-based compensation and complete financing transactions. The company has been operating under the assumption that the charter and all subsequent securities issuances are valid, but this legal proceeding aims to definitively resolve the capitalization uncertainty.