0001493152-25-003793 — Filed 2025-01-27
Form type: 8-K
Filing date: 2025-01-27
Report date: 2025-01-22
Accepted: 2025-01-27 21:05 UTC
Items: 1.01,2.03,3.02,8.01,9.01
Day change: +5.11% (2025-01-28)
Description: N/A
Document: form8-k.htm
Format: html (XBRL)
Size: 77.4 KB
Download status: downloaded
AST SpaceMobile completed a private offering of $460 million in 4.25% convertible senior notes due 2032, with net proceeds of approximately $446.3 million after fees and $44.5 million spent on capped call transactions. The notes are convertible into Class A common stock at an initial conversion price of $26.99 per share, representing a 20% premium to the January 22, 2025 closing price, and cannot be redeemed by the company before March 6, 2029. The company plans to use the remaining net proceeds for working capital and general corporate purposes, including potential strategic transactions.