Form type: SCHEDULE 13D/A
Filing date: 2025-01-27
Accepted: 2025-01-27 11:02 UTC
Day change: -5.85% (2025-01-27)
Description: N/A
Document: xslSCHEDULE_13D_X01/primary_doc.xml
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SCHEDULE 13D/A
0001493152-25-003672 — Filed 2025-01-27
Abel Avellan, the controlling shareholder and CEO of AST SpaceMobile, filed an amendment to his Schedule 13D on January 27, 2025, disclosing that his beneficial ownership stake decreased to 25.0% of Class A common stock following the company's forced conversion of approximately $148.5 million in 2024 convertible notes into 25.8 million shares. Avellan maintains 76.1% voting control through his ownership of Class C common stock, which carries ten votes per share, and has not engaged in any stock transactions over the past 60 days.