Current Report (8-K)

AST SpaceMobile completed a private offering of $1.0 billion in 2.25% convertible senior notes due 2036 on February 17, 2026, with net proceeds of approximately $983.7 million after fees and expenses. The notes are convertible into Class A common stock at an initial conversion price of approximately $116.30 per share (representing a 20% premium to the February 11, 2026 closing price) and mature on April 15, 2036. The company intends to use the proceeds for general corporate purposes including accelerating spectrum deployment globally, monetizing artificial intelligence-related commercial opportunities, enhancing government space investments, reducing higher-interest debt, and pursuing strategic investments to accelerate its SpaceMobile service.