Filings
564 filings found
| Date | Type | Summary | |
|---|---|---|---|
| 2022-05-23 | S-1/A | AST SpaceMobile entered into a $75 million committed equity financing arrangement with B. Riley Principal Capital on May 6, 2022, allowing the company to sell up to 10 million shares of Class A Common Stock at its discretion over 24 months, with the selling stockholder receiving commitment fees of up to 87,876 additional shares. The company, which is developing a satellite-based mobile broadband network to provide global cellular coverage through 168 LEO satellites expected to launch starting in 2023, reported a net loss of $10.7 million for Q1 2022 and faces significant capital requirements estimated at approximately $1.9 billion to complete its full constellation and infrastructure. | r/ASTS |
| 2022-05-20 | D | AST SpaceMobile filed a Form D on May 19, 2022, to register an exempt offering of up to $75.75 million in Class A common stock to be sold to B. Riley Principal Capital, LLC over a 24-month period under Regulation D Rule 506(b). As of the filing date, only $187,500 had been sold out of the total offering amount, with one investor already participating in the offering. | r/ASTS |
| 2022-05-18 | 424B3 | AST SpaceMobile completed a business combination with a SPAC in April 2021 and raised $230 million through a private placement, positioning itself to develop a constellation of LEO satellites designed to provide direct cellular broadband to standard mobile phones. The company is assembling its BlueWalker 3 test satellite with approximately $82.7 million in capitalized costs as of March 31, 2022, targeting a summer 2022 launch, while planning commercial BlueBird satellite launches starting in Q2 2023 with full global coverage expected by end of 2024. Despite generating only $2.4 million in revenue during Q1 2022, the company is experiencing significant cash burn of approximately $47.5 million in operating activities and has warrant liabilities valued at $63.5 million that fluctuate with stock price movements, leaving it dependent on future capital raises and successful satellite deployment to achieve its commercialization timeline. | r/ASTS |
| 2022-05-18 | 424B3 | AST SpaceMobile reported a net loss of $37.9 million for the first quarter of 2022, with cash and equivalents declining to $253.7 million from $321.8 million at year-end 2021, as the company invested heavily in BlueWalker 3 satellite construction ($82.7 million capitalized to date) and BlueBird constellation development ahead of its planned Summer 2022 launch. The company signed a Multi-Launch Agreement with SpaceX in March 2022 for approximately $22.8 million covering BW3 and future BlueBird satellite launches, while generating only $2.4 million in revenue during the quarter, primarily from its 51%-owned Nano subsidiary, as the SpaceMobile Service remains pre-commercial with revenue not expected until after the planned 2023-2024 constellation deployment. | r/ASTS |
| 2022-05-16 | UPLOAD | Annual report to shareholders (PDF document). View the original document for full content. | r/ASTS |
| 2022-05-16 | 8-K | AST SpaceMobile announced first quarter 2022 financial results on May 16, 2022, releasing earnings alongside a business update presentation for a company conference call that same day. The filing does not disclose specific financial figures or material business developments in the 8-K itself, instead directing investors to review the attached press release and presentation for detailed results and operational updates. | r/ASTS |
| 2022-05-16 | 10-Q | AST SpaceMobile burned through $47.5 million in operating cash during the first quarter of 2022 while spending an additional $21.6 million on satellite construction and property investments, reducing cash reserves from $321.8 million to $253.7 million. The company reported $2.4 million in revenue for Q1 2022 against $32.7 million in operating expenses, resulting in a net loss of $37.9 million before allocating $27.2 million to noncontrolling interests, with the remaining $10.7 million loss attributed to common stockholders. Material progress included advancing the BlueWalker 3 test satellite construction with $82.7 million in capitalized costs and securing a multi-launch agreement with SpaceX for $22.8 million in combined payments for BW3 and future BlueBird satellite launches. | r/ASTS |
| 2022-05-11 | 424B3 | On May 6, 2022, AST SpaceMobile entered into a Common Stock Purchase Agreement with B. Riley Principal Capital allowing the company to sell up to $75 million in Class A shares at volume-weighted average prices with a 3% discount, subject to a 19.99% ownership cap and various conditions. The company received 21,969 initial commitment shares and will receive additional commitment shares upon hitting funding milestones, with the agreement lasting 24 months from the effective registration date and terminable by the company with five trading days' notice. | r/ASTS |
| 2022-05-11 | 424B3 | AST SpaceMobile entered into a $75 million equity line facility with B. Riley Principal Capital on May 6, 2022, allowing the company to sell up to 141.5 million shares at a 3% discount to volume-weighted average price, subject to a beneficial ownership cap of 4.99% and a 19.99% Exchange Cap unless shareholders approve. The company issued B. Riley 21,969 initial commitment shares immediately and will issue additional commitment shares upon achieving milestones ($25 million and $50 million in proceeds), with the facility lasting 24 months from effectiveness and terminable by either party with five trading days' notice. | r/ASTS |
| 2022-05-10 | 3 | Sean R. Wallace, newly appointed Chief Financial Officer of AST SpaceMobile, filed an initial beneficial ownership statement on May 10, 2022, disclosing that he owns no securities in the company. The filing indicates Wallace's assumption of the CFO role represents a material change in company leadership. | r/ASTS |
| 2022-05-10 | 4 | Sean R. Wallace, Chief Financial Officer of AST SpaceMobile, received a grant of 400,000 restricted stock units on May 10, 2022, with no monetary consideration. The RSUs vest 25% annually over four years contingent on continued employment, with each unit convertible into one share of Class A Common Stock. | r/ASTS |
| 2022-05-09 | S-1 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. in April 2021 to become a publicly traded satellite communications company developing a space-based cellular broadband network designed to provide direct connectivity to standard mobile phones globally. The company entered into a $75 million committed equity financing arrangement with B. Riley Principal Capital on May 6, 2022, allowing AST to sell up to 10 million shares of Class A Common Stock at its discretion over 24 months, with proceeds intended for working capital and general corporate purposes to support development of its 168-satellite constellation and infrastructure. As a pre-revenue company, AST reported net losses of $30.6 million for 2021 and $70.5 million cumulatively through year-end 2021, with significant capital expenditure requirements estimated at $1.9 billion to complete the full SpaceMobile Service deployment targeted for 2024-2025. | r/ASTS |
| 2022-05-06 | 8-K | AST SpaceMobile entered into a Common Stock Purchase Agreement with B. Riley Principal Capital on May 6, 2022, allowing the company to sell up to $75 million of Class A common stock at its discretion over 24 months, with purchase prices determined by volume-weighted average price minus a 3.0% discount. The company issued B. Riley 21,969 initial commitment shares and will issue up to 65,907 additional shares as various funding milestones are reached, with Nasdaq rules capping issuances at 19.99% of outstanding shares unless shareholder approval is obtained. Additionally, Sean Wallace was appointed as Executive Vice President and Chief Financial Officer effective May 10, 2022, with Shanti Gupta serving as acting principal financial officer in the interim. | r/ASTS |
| 2022-05-02 | 424B3 | AST SpaceMobile appointed Sean Wallace as Executive Vice President and Chief Financial Officer effective May 10, 2022, replacing retiring CFO Thomas Severson, with Wallace receiving a $250,000 annual base salary, 700,000 restricted stock units (400,000 time-based vesting over four years and 300,000 performance-based), and severance provisions including 75% of base salary plus nine months of health coverage if terminated without cause. The company also filed this prospectus supplement on April 29, 2022 to update registration information regarding up to 141.5 million shares of Class A common stock available for issuance to AST & Science members upon redemption of their ownership units, with the stock trading at $7.53 per share at that time. | r/ASTS |
| 2022-05-02 | 424B3 | AST SpaceMobile announced on April 29, 2022 that its Board appointed Sean Wallace as Executive Vice President and Chief Financial Officer, effective May 10, 2022, replacing retiring CFO Thomas Severson. Wallace brings over 35 years of finance and banking experience, most recently serving as CFO of publicly traded Cogent Communications, with prior senior roles at Standard Chartered and JP Morgan. Under his employment agreement, Wallace receives a $250,000 annual base salary, 700,000 restricted stock units with time-based and performance-based vesting schedules, up to $80,000 in relocation assistance, and severance protections including 75% of base salary and nine months of continued health benefits if terminated without cause. | r/ASTS |
| 2022-04-29 | 8-K | Sean Wallace was appointed Executive Vice President and Chief Financial Officer effective May 10, 2022, replacing retiring Thomas Severson, bringing over 35 years of finance and banking experience including prior roles at JP Morgan and Cogent Communications. Wallace's compensation package includes a $250,000 annual base salary plus 700,000 restricted stock units, consisting of 400,000 time-based units vesting annually and 300,000 performance-based units tied to specified capital raising targets, along with standard severance and acceleration provisions in case of qualifying termination. | r/ASTS |
| 2022-04-28 | 424B3 | AST SpaceMobile filed an amended annual report for 2021 to add required corporate governance disclosures including information on directors, executive compensation, and board committee structure. The company's CEO Abel Avellan holds approximately 88.3% of voting power through Class C shares, while strategic investors including Rakuten, Vodafone, and American Tower hold board seats and have exclusivity or partnership agreements with the company. Executive compensation included a $350,000 bonus for CFO Thomas Severson and a $2.05 million equity award to General Counsel Brian Heller, who joined in February 2021 at a $250,000 annual salary. | r/ASTS |
| 2022-04-28 | 424B3 | AST SpaceMobile filed an amended annual report for 2021 that adds required governance disclosures including director and executive officer biographies, compensation details, and related party transactions. CEO Abel Avellan controls approximately 88.3% of voting power through Class C shares and receives no base salary, while CFO Thomas Severson earned $593,879 in total 2021 compensation and newly hired General Counsel Brian Heller received $2.27 million including $2.05 million in restricted stock units. The company has strategic relationships with major partners including Vodafone, American Tower, and Rakuten, with planned commercial agreements anticipated but no payments made as of the filing date in April 2022. | r/ASTS |
| 2022-04-22 | 10-K/A | AST SpaceMobile filed an amended 10-K for fiscal year 2021 to add required executive compensation and governance disclosures that were omitted from the original filing. The company, which completed a business combination with New Providence Acquisition Corp. in April 2021 and trades on Nasdaq under ticker ASTS, reported that CEO Abel Avellan waived his salary while CFO Thomas Severson earned $593,879 in total compensation and newly hired General Counsel Brian Heller received $2.27 million including a $2.05 million equity award of restricted stock units. The company maintains a board with ten directors including representatives from major stakeholders Rakuten, Vodafone, and American Tower, with Avellan controlling approximately 88.3% of voting power through Class C common stock holdings. | r/ASTS |
| 2022-04-04 | 424B3 | AST SpaceMobile filed a prospectus supplement on April 1, 2022, updating its registration statement to incorporate its 2021 annual report, which showed the company had completed assembly and testing of its BlueWalker 3 test satellite (targeted to launch summer 2022) and had incurred approximately $80.7 million in capitalized costs related to the satellite through that date. The company, which remains pre-revenue and had accumulated net losses of $70.5 million since inception through December 31, 2021, estimates it will need approximately $1.9 billion in total capital to manufacture and launch its planned 168-satellite constellation intended to provide direct mobile broadband service to standard unmodified cellular phones starting in 2023, with the company having entered into preliminary agreements covering approximately 1.8 billion mobile subscribers globally, including approximately 1.0 billion under revenue-sharing arrangements. | r/ASTS |
| 2022-04-04 | 424B3 | AST SpaceMobile filed this prospectus supplement on April 1, 2022 to update its satellite broadband network development plan, with the company targeting commercial satellite launches beginning in 2023 and expecting to achieve substantial global coverage by end of 2024 after deploying 110 satellites, followed by full MIMO capabilities in 2025 with 168 satellites. The company had approximately 386 employees worldwide and an estimated $1.9 billion capital requirement to build and launch its full constellation of 168 high-powered LEO satellites designed to provide direct cellular broadband to standard mobile phones through partnerships with mobile network operators covering roughly 1.8 billion subscribers globally. As of March 31, 2022, AST SpaceMobile had incurred approximately $70.5 million in cumulative net losses since inception, with the company remaining pre-revenue as it continued advancing its BlueWalker 3 test satellite toward a summer 2022 launch to validate the technology stack for commercial BlueBird satellites. | r/ASTS |
| 2022-03-31 | 10-K | AST SpaceMobile completed its business combination with New Providence Acquisition Corp. in April 2021, becoming a publicly traded satellite communications company focused on developing a space-based cellular broadband network accessible via standard unmodified mobile phones. The company reported a net loss of $30.6 million for fiscal year 2021 and had accumulated losses of approximately $70.5 million from inception through year-end, with no revenue generated yet as the SpaceMobile Service remains in development and is not expected to launch commercially until 2023 at the earliest. AST estimates it will need approximately $1.9 billion in total capital to manufacture and launch its planned constellation of 168 satellites and has stated it has sufficient capital for the next 12 months but will need to raise additional funds to complete its business plan. | r/ASTS |
| 2022-03-31 | 8-K | AST SpaceMobile announced financial results for the fourth quarter and full year 2021 on March 31, 2022, along with a business update presentation. The company scheduled its first annual stockholder meeting for September 15, 2022, with May 18, 2022 as the deadline for stockholder proposals to be included in proxy materials and June 17, 2022 for other stockholder nominations and proposals. | r/ASTS |
| 2022-03-11 | SC 13D | Abel Avellan, founder and CEO of AST SpaceMobile, beneficially owns 78,163,078 shares representing 60.2% of Class A Common Stock plus 78,163,078 shares of Class C Common Stock carrying ten votes per share, giving him 88.31% total voting control. Through a business combination completed April 6, 2021, Avellan's existing ownership in AST & Science LLC was reclassified into redeemable common units and super-voting Class C shares, with restrictions on transfers until April 6, 2022, and contractual rights to nominate seven board members and serve as chairman under a stockholders' agreement with co-investors including Vodafone, Rakuten, and American Tower. | r/ASTS |
| 2022-03-10 | 424B3 | AST SpaceMobile signed a multi-launch agreement with SpaceX on March 3, 2022, committing to pay $22.75 million within seven days for launches of its BlueWalker 3 test satellite and BlueBird 1 satellite through December 2024, with an option to book additional BlueBird launches. The agreement provides a framework for the company's satellite deployment strategy and includes technical adjustments to launch parameters for the BlueWalker 3 mission scheduled for Summer 2022. | r/ASTS |