Form type: S-3ASR
Filing date: 2025-03-17
Accepted: 2025-03-17 10:18 UTC
Day change: -0.46% (2025-03-17)
Description: N/A
Document: forms-3asr.htm
Format: html
Size: 353.8 KB
Download status: downloaded
0001493152-25-010444 — Filed 2025-03-17
Form type: S-3ASR
Filing date: 2025-03-17
Accepted: 2025-03-17 10:18 UTC
Day change: -0.46% (2025-03-17)
Description: N/A
Document: forms-3asr.htm
Format: html
Size: 353.8 KB
Download status: downloaded
AST SpaceMobile filed a registration statement to enable the resale of approximately 56 million shares of Class A Common Stock by various selling stockholders, including Rakuten Mobile (28.5 million shares from a October 2024 reorganization), major telecommunications and technology companies that converted convertible notes into equity (AT&T, Google, Verizon Ventures, and Vodafone totaling 25.8 million shares), and company insiders exercising equity options (1.7 million shares). The company will not receive proceeds from these resales but will bear registration expenses, while the selling shareholders cover their own transaction costs. The filing reflects AST SpaceMobile's progress in developing satellite-based cellular broadband, including successful completion of video calls on standard smartphones using its Block 1 BB satellites in January 2025 and planned deployment of up to 60 advanced Block 2 BB satellites beginning in 2025-2026 to achieve continuous service coverage across major markets.