Current Report (8-K)

BackstopCo, a subsidiary of AST & Science LLC, secured a $420 million cash-collateralized term loan from UBS AG on October 31, 2025, bearing interest at Term SOFR plus 2.0% per annum with a maturity date of October 31, 2028. The loan is secured by substantially all of BackstopCo's assets and requires the company to maintain cash collateral equal to 102% of the outstanding principal, with BackstopCo subject to standard covenants restricting additional debt, asset dispositions, and dividend payments, while AST SpaceMobile Inc. itself has no borrower or guarantee obligations.