424B5

AST SpaceMobile raised $56.9 million through the sale of 12.5 million Class A shares at $4.55 per share in June 2023, with an underwriter option for an additional 1.875 million shares. The company, which had $141 million in cash prior to the offering, expects post-offering cash of approximately $197 million and continues burning roughly $40 million quarterly on adjusted operating expenses while developing its satellite-based cellular broadband network, with successful 4G LTE speed tests on its BlueWalker 3 test satellite achieved in recent months.