0001641172-25-021421 — Filed 2025-07-29
Form type: 8-K
Filing date: 2025-07-29
Report date: 2025-07-24
Accepted: 2025-07-29 21:16 UTC
Items: 1.01,2.03,3.02,8.01,9.01
Day change: +2.26% (2025-07-30)
Description: 8-K
Document: form8-k.htm
Format: html (XBRL)
Size: 77.6 KB
Download status: downloaded
AST SpaceMobile completed a private offering of $575 million in 2.375% Convertible Senior Notes due 2032, with net proceeds of approximately $560 million after underwriting fees and $54.1 million in capped call transaction costs. The Notes are convertible at $72.07 per share (representing a 20% premium to the July 24, 2025 stock price), mature on October 15, 2032, and cannot be redeemed by the company before October 22, 2029. The company intends to use the remaining proceeds for working capital and general corporate purposes, including potential strategic transactions.