Filings
545 filings found
| Date | Type | Summary | |
|---|---|---|---|
| 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 |
| 2022-03-10 | 424B3 | On March 3, 2022, AST SpaceMobile signed a multi-launch agreement with SpaceX committing to pay $22.75 million within seven days for launch services covering the BlueWalker 3 test satellite scheduled for summer 2022, the first BlueBird operational satellite, and a reservation fee for a second BlueBird satellite through December 2024. The agreement includes technical parameter adjustments for the BlueWalker 3 launch and establishes a framework for future BlueBird satellite launches with defined pricing and rebooking options. | r/ASTS |
| 2022-03-09 | 8-K | AST SpaceMobile signed a multi-launch agreement with SpaceX on March 3, 2022, establishing a framework for launching its BlueWalker 3 test satellite and BlueBird satellites through December 2024. The company agreed to pay an aggregate of $22.75 million within seven days for technical adjustments to the BW3 launch scheduled for summer 2022, the initial payment for the first BlueBird satellite launch, and a reservation fee for a future BlueBird launch. | r/ASTS |
| 2022-02-25 | SC 13G/A | EJF Capital LLC and affiliated entities filed an amendment to their Schedule 13G on February 25, 2022, reporting that they have ceased to be beneficial owners of more than five percent of AST SpaceMobile's Class A Common Stock as of December 31, 2021. All reporting persons now hold zero shares with no voting or dispositive power over the company's securities. | r/ASTS |
| 2022-02-14 | SC 13G/A | Citadel entities and Kenneth Griffin collectively held approximately 1.75 million shares of AST SpaceMobile as of December 31, 2021, representing roughly 3.4% of the company's outstanding stock through various holdings including Citadel Equity Fund Ltd., CRBU Holdings LLC, and Citadel Securities. This amended Schedule 13G filing indicates that Citadel's beneficial ownership fell below the 5% threshold, triggering the requirement to report the cessation of majority ownership status as of the filing date in February 2022. | r/ASTS |
| 2022-02-14 | SC 13G | Ionic Capital Management LLC, a Delaware-based investment adviser, filed a Schedule 13G on February 10, 2022, disclosing beneficial ownership of 3,076,789 shares of AST SpaceMobile Class A common stock, representing 5.61% of the outstanding class. The firm holds shared voting and dispositive power over these shares across investment funds it advises, though it disclaims beneficial ownership except to the extent of its pecuniary interest, and certifies the securities were not acquired to influence control of the issuer. | r/ASTS |
| 2022-01-20 | 8-K | AST SpaceMobile confirmed that its BlueWalker 3 test satellite launch has been rebooked for Summer 2022 following a rebooking notice and fee paid in November 2021, providing additional time for testing and final preparations. The launch window timing remains subject to various factors beyond the company's control. | r/ASTS |
| 2022-01-20 | 424B3 | AST SpaceMobile filed a prospectus supplement updating its securities registration to incorporate a January 2022 Form 8-K, with Class A common stock trading at $6.06 and warrants at $2.24 on the filing date. The company confirmed its launch service provider has locked in a Summer 2022 launch window for its BlueWalker 3 test satellite after paying a rebooking fee in November 2021 to delay from the original schedule. The filing covers the offering of 28.75 million shares of Class A common stock, 6.1 million private placement warrants, and up to 17.6 million shares underlying public and private warrants by selling stockholders. | r/ASTS |
| 2022-01-20 | 424B3 | AST SpaceMobile rebooked its BlueWalker 3 test satellite launch to Summer 2022 after paying a rebooking fee in November 2021, with the launch provider now confirming availability in that window, though actual timing remains subject to various factors. The company filed this prospectus supplement on January 19, 2022 to update investors on the launch delay and rescheduling, with Class A shares trading at $6.06 on that date. The filing also registered up to 141.5 million shares of Class A common stock for possible issuance in exchange for ownership units in AST & Science LLC tendered by members. | r/ASTS |
| 2022-01-07 | SC 13G/A | Magnetar Financial LLC and its affiliated entities (Magnetar Capital Partners LP, Supernova Management LLC, and manager Alec N. Litowitz) filed an amended Schedule 13G on January 7, 2022, reporting that they ceased to beneficially own more than 5 percent of AST SpaceMobile's common stock as of December 31, 2021, reducing their ownership stake to zero shares and 0.00% of the class. The filing indicates Magnetar completely exited its position in the satellite communications company during the reporting period. | r/ASTS |
| 2021-12-07 | 424B3 | AST SpaceMobile rebooked its BlueWalker 3 test satellite launch to Summer 2022 from an earlier window, paying a rebooking fee to its launch service provider to allow additional time for testing and preparation. The prospectus supplement updates securities offerings including 28.75 million shares of Class A common stock and 6.1 million warrants, with the company's stock trading at $8.42 per share and warrants at $3.41 as of December 6, 2021. | r/ASTS |
| 2021-12-07 | 424B3 | AST SpaceMobile rebooked its BlueWalker 3 test satellite launch to Summer 2022, paying a rebooking fee to its launch service provider to allow additional time for testing and preparation. The company's Class A common stock was trading at $8.42 per share as of December 6, 2021, and the filing updated registration information for up to 141.5 million shares of Class A common stock available for issuance in connection with ownership unit redemptions from AST & Science LLC members. | r/ASTS |
| 2021-12-03 | 8-K | AST SpaceMobile's subsidiary AST & Science exercised its contractual right to rebook the launch window for its BlueWalker 3 test satellite from its original schedule to Summer 2022, paying a rebooking fee to allow additional time for testing and launch preparation. The company had initially signed the launch agreement with a service provider on July 23, 2021. | r/ASTS |
| 2021-11-26 | SC 13D/A | Rakuten Group entities completed a business combination with AST SpaceMobile on April 6, 2021, acquiring 28.5 million common units that are convertible into Class A shares starting April 6, 2022, plus 2.5 million Class A shares purchased directly at $10 per share, giving Rakuten combined beneficial ownership of approximately 38.6% of the company. The transaction included governance rights allowing Rakuten to nominate two board members and contains transfer restrictions on the securities until April 6, 2022, with Rakuten retaining the right to review its investment and potentially engage in discussions regarding extraordinary corporate transactions. | r/ASTS |
| 2021-11-26 | SC 13D/A | Rakuten Group, through its subsidiaries Rakuten Mobile USA Service Inc. and Rakuten Mobile Inc., increased its beneficial ownership stake in AST SpaceMobile to approximately 38.64% (31,020,155 shares when including convertible units) by completing an internal share transfer where Rakuten Mobile purchased all shares of Rakuten USA Service from Rakuten Symphony Singapore on November 15, 2021. The filing confirms the reporting persons hold shared voting and dispositive power over the securities but have no current plans or proposals to acquire additional shares, conduct mergers, or make other material changes to the company. | r/ASTS |
| 2021-11-26 | 8-K | AST SpaceMobile filed this 8-K to disclose that company executives will present materials about the company's operations and performance at various investor meetings and events during November and December 2021. The presentation materials were furnished as an exhibit and made available on the company's website. | r/ASTS |
| 2021-11-17 | 424B3 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, raising $456.4 million in net proceeds and becoming a publicly traded company on Nasdaq under ticker ASTS, with the filing updating investor information on warrant exercises and share offerings. The company reported revenues of $6.2 million for the nine months ended September 30, 2021 (primarily from its Nano subsidiary), while accumulating a net loss of $60.5 million as it continues developing its BlueWalker 3 test satellite and designing its SpaceMobile constellation for global cellular broadband service delivery. As of September 30, 2021, the company maintained $360.4 million in cash and cash equivalents against $97.9 million in total liabilities, including $76.1 million in warrant liabilities, positioning it to fund ongoing satellite development and engineering operations across its six global locations. | r/ASTS |
| 2021-11-17 | 424B3 | AST SpaceMobile completed its business combination with New Providence Acquisition Corp on April 6, 2021, raising $456.4 million in net proceeds and acquiring $360.4 million in cash by September 30, 2021, while advancing development of its BlueWalker 3 test satellite with $56.7 million invested in construction-in-progress. The company reported nine-month revenues of $6.2 million but operating losses of $60.5 million before accounting adjustments, driven primarily by $60.3 million in operating expenses for engineering, R&D, and general administrative costs as it continues designing and developing satellite technology for global cellular broadband connectivity. | r/ASTS |
| 2021-11-15 | 10-Q | AST SpaceMobile completed a business combination with New Providence Acquisition Corp on April 6, 2021, raising $456.4 million in net proceeds and becoming a publicly traded company on Nasdaq under ticker ASTS. For the nine months ended September 30, 2021, the company reported $6.2 million in revenues and a net loss of $60.5 million before noncontrolling interests, reflecting heavy investment in engineering services ($18.8 million), general and administrative costs ($24.0 million), and research and development ($15.5 million) as it advances development of its BlueWalker 3 test satellite and designs its commercial satellite constellation. The company ended the quarter with $360.4 million in cash and $76.1 million in warrant liabilities, positioning itself to fund ongoing satellite manufacturing and testing operations while pursuing its mission to provide global cellular broadband connectivity through space-based services. | r/ASTS |
| 2021-11-15 | 8-K | AST SpaceMobile released financial results for the three and nine months ended September 30, 2021, along with a third quarter business update presentation on November 15, 2021. The company, which operates from Midland, Texas and trades on Nasdaq under ticker ASTS, is an emerging growth company focused on satellite-based mobile communications. The filing includes press release and presentation materials discussing the company's operational and financial performance during the period. | r/ASTS |