Current Report (8-K)

AST SpaceMobile's subsidiary Spectrum USA I, LLC entered into a $550 million non-recourse senior secured loan agreement with Sound Point Agency LLC on July 15, 2025, to fund payments to Ligado Networks for acquiring up to 45 MHz of lower mid-band spectrum in the United States and Canada for satellite direct-to-device applications. The loan carries an interest rate of Term SOFR plus 8.0% or an alternate base rate plus 9.0%, with a maturity ranging from 48 to 60 months depending on funding timing, and is secured by substantially all assets of the borrower and a special purpose subsidiary guarantor but not by AST SpaceMobile's own assets or operations.