Filings
542 filings found
| Date | Type | Summary | |
|---|---|---|---|
| 2023-08-10 | 8-K | Rakuten Group removed Tareq Amin as a director of AST SpaceMobile on August 8, 2023, following his departure from Rakuten, pursuant to the companies' stockholders agreement. Amin will not stand for re-election at the company's annual meeting scheduled for August 17, 2023, though Rakuten retains the right to designate a replacement director nominee under the agreement. | r/ASTS |
| 2023-08-01 | 8-K | AST SpaceMobile issued a press release on August 1, 2023 announcing preliminary estimated financial results for the second quarter ended June 30, 2023. The filing does not disclose specific financial figures in the 8-K itself, instead incorporating them by reference to the attached press release. The company cautioned that actual results could differ significantly from forward-looking statements and directed investors to risk factors detailed in its Form 10-K. | r/ASTS |
| 2023-07-06 | DEF 14A | AST SpaceMobile held its 2023 annual stockholder meeting on August 17, 2023, to elect ten directors and ratify KPMG LLP as the independent auditor for fiscal 2023, with CEO Abel Avellan controlling approximately 84.9% of voting power through Class C Common Stock. The company operates under a controlled company structure with significant equity held by strategic investors including Rakuten Mobile, Vodafone, American Tower, and Invesat, each with designated board representation rights under a stockholders' agreement that restricts director nominations and governance flexibility. | r/ASTS |
| 2023-07-06 | DEFA14A | AST SpaceMobile filed definitive additional proxy materials with the SEC, which are supplementary documents distributed to shareholders in advance of a corporate vote or meeting. The filing itself contains no substantive business developments, financial results, or material events—it is primarily a procedural document confirming the submission of proxy-related materials. Without access to the actual content of the proxy materials referenced in this cover page, no specific business impacts or key figures can be identified from this filing alone. | r/ASTS |
| 2023-07-06 | SC 13D/A | Abel Avellan's beneficial ownership stake in AST SpaceMobile was reduced from approximately 50% to 46.6% of Class A Common Stock outstanding following the company's closing of a 12.5 million share offering on June 30, 2023, which expanded total Class A shares to 89.4 million. Despite the dilution, Avellan maintains controlling voting power at 84.9% through his ownership of all Class C Common Stock shares, which carry ten votes per share, and retains sole voting and dispositive power over 78.2 million shares convertible from his AST Common Units with no transactions occurring in the past 60 days. | r/ASTS |
| 2023-07-06 | ARS | Annual report to shareholders (PDF document). View the original document for full content. | r/ASTS |
| 2023-06-30 | 8-K | On June 30, 2023, AST SpaceMobile closed a public offering of 12.5 million shares of Class A Common Stock, raising approximately $56.9 million in net proceeds before offering expenses, with Barclays Capital as the sole book-running manager. The company also granted Barclays a 30-day option to purchase up to an additional 1.875 million shares that could generate an additional $8.5 million in proceeds if fully exercised. | r/ASTS |
| 2023-06-29 | 424B5 | AST SpaceMobile raised $56.9 million through the sale of 12.5 million Class A shares at $4.55 per share in June 2023, with an underwriter option for an additional 1.875 million shares. The company, which had $141 million in cash prior to the offering, expects post-offering cash of approximately $197 million and continues burning roughly $40 million quarterly on adjusted operating expenses while developing its satellite-based cellular broadband network, with successful 4G LTE speed tests on its BlueWalker 3 test satellite achieved in recent months. | r/ASTS |
| 2023-06-27 | 8-K | AST SpaceMobile issued clarifications to correct misstatements in a MergerMarket article, clarifying that the company burns approximately $40 million per quarter in adjusted operating expenses, not annually, and that its auditors issued unqualified opinions without going concern warnings only through March 31, 2023, with no assurance such warnings won't appear in future filings. The company emphasized it has no committed financing agreements with strategic partners despite ongoing discussions with various capital sources, and that any future capital raises may come through equity, debt, or other securities. | r/ASTS |
| 2023-06-27 | 424B5 | AST SpaceMobile is raising $65 million through the sale of 12 million shares of Class A Common Stock at $6.73 per share, with underwriter Barclays as the sole book-running manager and an option to purchase an additional 1.8 million shares within 30 days. As of June 26, 2023, the company had approximately $141 million in cash and expects to have $200-205 million post-offering, which it plans to use for general corporate purposes including launch services, while currently burning roughly $40 million per quarter in adjusted operating expenses plus $15-25 million quarterly in capital expenditures excluding launches. The company is developing a space-based cellular broadband network using low-earth orbit satellites designed to work with standard unmodified smartphones, with its BlueWalker 3 test satellite having successfully demonstrated 4G speeds above 10 Mbps and two-way voice calls to unmodified smartphones in preliminary tests completed as of June 2023. | r/ASTS |
| 2023-05-15 | 8-K | AST SpaceMobile issued its first quarter 2023 financial results and business update on May 15, 2023, providing shareholders with performance metrics and operational progress for the three months ended March 31, 2023. The company held a conference call the same day to discuss results, with presentation materials made available to investors through its website and regulatory filings. | r/ASTS |
| 2023-05-15 | 10-Q | AST SpaceMobile successfully completed two-way voice calls on standard unmodified smartphones using its BlueWalker 3 test satellite in April 2023, validating its core technology and marking the satellite as ready for intended use. The company reported a net loss of $45.2 million for the first quarter of 2023 compared to $37.9 million in Q1 2022, driven by increased engineering services ($16.5 million), research and development costs ($16.4 million), and other operating expenses as it accelerates development of its BlueBird satellite constellation. Cash declined to $185 million from $239 million at year-end 2022 due to operating losses and capital expenditures, though the company expects to launch five Block 1 BB satellites in early 2024 and begin limited commercial SpaceMobile Service in targeted geographic areas thereafter. | r/ASTS |
| 2023-05-02 | SC 13D/A | Abel Avellan's beneficial ownership stake in AST SpaceMobile decreased from a higher percentage to 51.1% of Class A Common Stock outstanding due to redemptions of 2.98 million AST Common Units for shares between December 2, 2022 and April 13, 2023, which increased the company's total outstanding Class A shares to 74.9 million. Despite the dilution in Class A ownership percentage, Avellan maintains dominant voting control at 86.22% through his ownership of all Class C Common Stock, which carries ten votes per share compared to one vote per Class A share. | r/ASTS |
| 2023-05-01 | 10-K/A | AST SpaceMobile filed this amended annual report to add required disclosures about directors, executive officers, executive compensation, and related transactions for fiscal year 2022. The company is a non-accelerated filer and emerging growth company developing satellite-based mobile services, with CEO Abel Avellan controlling approximately 86.5% of voting power through Class C shares, while strategic investors including Rakuten, Vodafone, and American Tower hold board seats and have entered into long-term commercial agreements contingent on the company achieving specific performance milestones. In 2022, the company reported a net loss of $31.6 million, paid CFO Sean Wallace $3.0 million in total compensation including equity awards upon his May 2022 hire, and expects to potentially owe Rakuten $10 million if it fails to meet agreed satellite deployment and coverage key performance indicators by June 2023. | r/ASTS |
| 2023-04-27 | 8-K | AST SpaceMobile issued a press release on April 26, 2023 announcing preliminary estimated financial results for the first quarter ended March 31, 2023. The filing contains forward-looking statements with standard risk disclaimers and notes that actual results could differ materially from those discussed. The specific financial figures and operational details from the preliminary Q1 2023 results are contained in the attached press release exhibit. | r/ASTS |
| 2023-04-25 | 8-K | AST SpaceMobile announced on April 25, 2023, that it successfully completed two-way voice calls directly to standard unmodified smartphones using its BlueWalker 3 satellite, demonstrating the technical feasibility of its space-based cellular service. The company also performed initial compatibility tests on various smartphones and devices, confirmed the ability to support 4G LTE and 5G waveforms, and verified the capability to exchange SIM and network information directly with the satellite. Additional testing and measurements on uplink and downlink performance are ongoing as the company moves toward commercialization of its broadband connectivity service. | r/ASTS |
| 2023-03-31 | 8-K | AST SpaceMobile released its financial results for the fourth quarter and full year 2022 on March 31, 2023, along with a business update presentation for investors. The company held a conference call on the same date to discuss the results, with materials made available on its website. | r/ASTS |
| 2023-03-31 | 10-K | AST SpaceMobile is developing a space-based cellular broadband network using Low Earth Orbit satellites designed to provide 4G LTE/5G mobile service to standard unmodified phones through partnerships with mobile network operators, with the company reporting a net loss of $34.8 million in 2022 and cumulative losses of $105.3 million since inception while planning to launch five commercial BlueWalker satellites in early 2024 and requiring an estimated $550-650 million in additional capital to complete its constellation and commence service. The company completed development and deployment of its BlueWalker 3 test satellite in November 2022 and faces significant execution risks including regulatory approvals, spectrum access agreements with MNOs, competitive threats from companies like SpaceX's Starlink and Amazon's Kuiper, and the substantial technical and financial challenges inherent in developing a new satellite constellation and service network. | r/ASTS |
| 2023-03-15 | 8-K | On March 14, 2023, the Delaware Court of Chancery granted AST SpaceMobile's petition to validate the company's April 1, 2021 stockholder vote approving amendments to its certificate of incorporation and to declare all securities issued under that charter as valid and effective. This court order resolves legal uncertainty surrounding the company's corporate structure and the legitimacy of its previously issued securities, eliminating a potential challenge to the validity of the company's charter and related stock issuances. | r/ASTS |
| 2023-02-21 | 8-K | AST SpaceMobile filed a petition with the Delaware Court of Chancery on February 16, 2023, seeking validation of its 2021 charter amendment and all securities issued under it, following uncertainty created by a recent court ruling on whether the amendment required separate class votes. The court expedited the hearing to March 14, 2023, and if the company fails to obtain validation, it could face material adverse impacts on its ability to issue stock-based compensation and complete financing transactions. The company has been operating under the assumption that the charter and all subsequent securities issuances are valid, but this legal proceeding aims to definitively resolve the capitalization uncertainty. | r/ASTS |
| 2023-02-14 | SC 13G/A | Ionic Capital Management LLC filed an amended Schedule 13G reporting that it beneficially owns 3,518,768 shares of AST SpaceMobile Class A Common Stock, representing 4.75% of the class as of December 31, 2022. The filing indicates that Ionic Capital has ceased to be a five percent or greater beneficial owner, as it previously held more than five percent of the outstanding shares but now holds less due to the company's public offering that closed in early December 2022. | r/ASTS |
| 2023-02-13 | 5 | Director Coleman Alexander acquired 400,000 shares of Class A Common Stock during 2022 through two transactions in August and November, both at no cost, bringing his total beneficial ownership to 1,413,312 shares as of December 31, 2022. No derivative securities transactions were reported during the fiscal year. | r/ASTS |
| 2023-02-10 | 4 | Brian Heller, Executive Vice President, General Counsel and Secretary at AST SpaceMobile, received a vesting of 51,250 restricted stock units on February 8, 2023, with 20,678 shares retained after tax withholding at $5.91 per share, bringing his total beneficial ownership to 184,322 Class A Common Stock shares. The transaction was processed through Rule 16b-3 compliant withholding, where taxes were satisfied by surrendering a portion of the vested shares rather than a cash payment. | r/ASTS |
| 2023-02-09 | 8-K | AST SpaceMobile's subsidiary AST & Science entered into a new Launch Services Agreement with SpaceX on February 3, 2023, to launch the first five Block 1 BlueBird satellites, superseding two previous launch agreements from March 2022. The exact launch timing remains contingent on completion of satellite construction and testing, along with other factors partially outside the company's control. | r/ASTS |
| 2022-12-19 | EFFECT | AST SpaceMobile's post-effective amendment to its registration statement became effective on December 19, 2022, allowing the company to proceed with its registered direct offering and concurrent private placement of securities. The filing updated terms and conditions for the offering of common stock and warrants under the previously filed registration statement. This effectiveness notice enabled AST SpaceMobile to move forward with raising capital through this securities offering. | r/ASTS |