424B5

AST SpaceMobile established an $800 million equity distribution agreement with ten financial institutions to sell Class A Common Stock through at-the-market offerings, with net proceeds earmarked for general corporate purposes to fund satellite development and SpaceMobile Service deployment. The company is building a satellite-based cellular broadband network accessible directly to unmodified smartphones, with five Block 1 BlueBird satellites completed and awaiting launch targeted for September 2024, and next-generation Block 2 satellites in development incorporating proprietary ASIC chips expected to significantly increase throughput capacity.