On October 29, 2025, AST SpaceMobile completed a registered direct offering of approximately 2.05 million shares of Class A common stock at $78.61 per share, raising net proceeds that were used to repurchase $50 million principal amount of its 4.25% convertible senior notes due 2032 for approximately $161.1 million. Additionally, the company consummated the sale of $150 million in aggregate principal amount of 2.00% Convertible Senior Notes due 2036 following the initial purchasers' full exercise of their option, bringing total outstanding convertible notes of this series to $1.15 billion with a potential conversion into up to approximately 14.6 million shares of Class A common stock.