SC 13D/A

0001493152-23-023829 — Filed 2023-07-06

Form type: SC 13D/A

Filing date: 2023-07-06

Accepted: 2023-07-06 20:30 UTC

Description: N/A

Document: formsc13da.htm

Format: html

Size: 59.1 KB

Download status: downloaded

AI Summary

Abel Avellan's beneficial ownership stake in AST SpaceMobile was reduced from approximately 50% to 46.6% of Class A Common Stock outstanding following the company's closing of a 12.5 million share offering on June 30, 2023, which expanded total Class A shares to 89.4 million. Despite the dilution, Avellan maintains controlling voting power at 84.9% through his ownership of all Class C Common Stock shares, which carry ten votes per share, and retains sole voting and dispositive power over 78.2 million shares convertible from his AST Common Units with no transactions occurring in the past 60 days.

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