FWP

AST SpaceMobile announced a registered direct offering of 1.86 million shares at $96.92 per share on February 11, 2026, generating approximately $180.2 million in net proceeds to repurchase $46.5 million principal of its 4.25% convertible notes due 2032. Concurrently, the company priced a $1 billion convertible notes offering (2.25% due 2036) expected to yield $983.7 million in net proceeds for general corporate purposes including spectrum deployment and debt reduction, and announced an additional registered direct offering of 4.48 million shares at the same price to raise $433.3 million for repurchasing $250 million principal of 2.375% convertible notes due 2032.