424B3

AST SpaceMobile completed a corporate reorganization on March 4, 2024, in which Antares Technologies LLC acquired 10,445,200 shares of Class A Common Stock, replacing prior shareholder Invesat LLC in a transaction designed to facilitate tax optimization structures. The company is developing a satellite-based cellular broadband network intended to provide mobile connectivity directly to standard smartphones in areas lacking terrestrial coverage, with five Block 1 commercial satellites scheduled for launch between July and August 2024, expected to achieve initial revenue generation from limited service areas and government contracts while advancing development of more powerful Block 2 satellites. AST SpaceMobile, which has not yet generated commercial revenue from its SpaceMobile Service, continues to operate under the control of founder Abel Avellan and related parties who hold approximately 80.4% voting power through Class C shares, while the company pursues partnerships with mobile network operators globally to deploy its constellation of satellites and establish commercial operations.