424B5

AST SpaceMobile raised approximately $100 million through a public offering of 32.3 million Class A shares at $3.10 per share in January 2024, while simultaneously securing $110 million in subordinated convertible notes from strategic investors AT&T, Google, and Vodafone, along with commitments for commercial partnerships and equipment purchases. The company, which is developing satellite-based cellular broadband service and has demonstrated successful 5G connectivity tests via its BlueWalker 3 test satellite, plans to launch its first five commercial BlueBird satellites in the second quarter of 2024 and estimates needing an additional $300-350 million beyond its current $333.8 million cash position to build and operate a 25-satellite constellation.