FWP

AST SpaceMobile conducted a registered direct offering of 4,475,223 shares of Class A common stock at $96.92 per share on February 12, 2026, raising approximately $433.3 million in net proceeds, which the company plans to use to repurchase $250 million principal amount of its 2.375% convertible notes due 2032. Concurrently, the company priced a $1 billion convertible debt offering of 2.25% senior notes due 2036 (with an additional $150 million option), expected to generate approximately $983.7 million in net proceeds for general corporate purposes including spectrum deployment and debt reduction, and announced a separate registered direct offering of 1,862,741 additional shares to raise $180.2 million for repurchasing $46.5 million principal of its 4.25% convertible notes due 2032.