Form type: 8-K
Filing date: 2024-05-29
Report date: 2024-05-23
Accepted: 2024-05-29 11:40 UTC
Items: 3.02,8.01,9.01
Day change: +69.23% (2024-05-29)
Description: N/A
Document: form8-k.htm
Format: html (XBRL)
Size: 51.0 KB
Download status: downloaded
Current Report (8-K)
0001493152-24-021726 — Filed 2024-05-29
AST SpaceMobile secured a $100 million investment and commercial commitment from Verizon on May 23, 2024, consisting of a $35 million subordinated convertible note and $65 million in prepaid service revenue commitments. The convertible note matches terms of the company's existing January 2024 convertible notes from AT&T, Google, and Vodafone, while the service payments are creditable against future revenue pending regulatory approval and execution of a definitive commercial agreement.