Current Report (8-K)

AST SpaceMobile agreed to acquire EllioSat Ltd. from CCUR Holdings for $26 million upfront plus $10 million each on the second and third anniversaries of closing, with an additional $16.65 million payable upon successful launch and in-service operation of an L/S satellite and $1.85 million after 90 days of continuous operation. The acquisition gives AST SpaceMobile access to S-Band ITU priority rights for Mobile Satellite Services frequencies in the 1980-2010 MHz and 2170-2200 MHz ranges for low Earth orbit use, with the transaction expected to close in the second half of 2025. The company may pay consideration in cash, Class A common stock, or a combination thereof at its discretion.