Form type: SC 13D/A
Filing date: 2023-05-02
Accepted: 2023-05-02 20:15 UTC
Description: N/A
Document: formsc13-da.htm
Format: html
Size: 59.1 KB
Download status: downloaded
SC 13D/A
0001493152-23-015180 — Filed 2023-05-02
Abel Avellan's beneficial ownership stake in AST SpaceMobile decreased from a higher percentage to 51.1% of Class A Common Stock outstanding due to redemptions of 2.98 million AST Common Units for shares between December 2, 2022 and April 13, 2023, which increased the company's total outstanding Class A shares to 74.9 million. Despite the dilution in Class A ownership percentage, Avellan maintains dominant voting control at 86.22% through his ownership of all Class C Common Stock, which carries ten votes per share compared to one vote per Class A share.