Filings
545 filings found
| Date | Type | Summary | |
|---|---|---|---|
| 2021-07-09 | S-8 | AST SpaceMobile registered 12.8 million shares of Class A common stock for issuance under its 2020 Incentive Award Plan and 2020 Employee Stock Purchase Plan, with a maximum aggregate offering price of approximately $155.1 million based on a stock price of $12.12 per share as of July 8, 2021. The registration statement incorporates by reference the company's recent 10-K, 10-Q, and multiple 8-K filings, establishing the foundation for employee equity compensation programs. The company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. | r/ASTS |
| 2021-07-02 | 424B3 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, becoming a publicly traded company and raising capital to develop a satellite-based global mobile broadband network called SpaceMobile Service that would provide connectivity to standard smartphones via 168 low-Earth-orbit satellites, with estimated gross costs of $1.7 billion and first commercial service expected in 2023. The company has partnership agreements with mobile network operators representing approximately 1.3 billion mobile subscribers, though it faces substantial risks including significant development and capital requirements, extensive regulatory hurdles for spectrum access, intense competition from other satellite providers like Starlink, and the inherent dangers of satellite launch failures and on-orbit malfunctions that could delay or prevent revenue generation. | r/ASTS |
| 2021-07-02 | EFFECT | AST SpaceMobile's registration statement on Form S-1 became effective on July 2, 2021, allowing the company to proceed with its initial public offering. This effectiveness notice cleared the way for the satellite communications company to publicly offer and sell its securities to raise capital for its space-based cellular network operations. | r/ASTS |
| 2021-06-30 | CORRESP | AST SpaceMobile requested acceleration of its Form S-1 registration statement to become effective on July 2, 2021, enabling the company to proceed with its initial public offering. The request was submitted on June 30, 2021, just five days after filing the original registration statement, indicating the company was prepared to move quickly to market. | r/ASTS |
| 2021-06-29 | UPLOAD | Annual report to shareholders (PDF document). View the original document for full content. | r/ASTS |
| 2021-06-25 | S-1 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, transforming into a publicly traded company trading on Nasdaq under ticker ASTS, with estimated total development costs of approximately $1.7 billion to build a 168-satellite LEO constellation designed to deliver mobile broadband service to standard unmodified phones globally in partnership with mobile network operators. The company is a pre-revenue stage with net losses of $52.1 million since inception through March 31, 2021, and expects revenues to begin in 2023 following planned commercial satellite launches, with founder Abel Avellan controlling approximately 88.3% of voting power through multi-class stock structure. The offering registered 141.5 million shares of Class A common stock valued at approximately $1.35 billion at the filing price of $9.54 per share, with about 90.5% of shares subject to one-year lock-up agreements from major investors including Rakuten USA, Vodafone, and American Tower. | r/ASTS |
| 2021-05-18 | NT 10-Q | AST SpaceMobile filed a late Form 10-Q for the quarter ended March 31, 2021, due to the substantial resources required to restate prior financial statements following the SEC's April 2021 guidance on SPAC warrant accounting. Net income for Q1 2021 is expected to drop significantly to approximately $597 thousand compared to $7.8 million in Q1 2020, primarily driven by changes in warrant fair value accounting. | r/ASTS |
| 2021-05-18 | 10-Q | New Providence Acquisition Corp. completed its merger with AST & Science LLC on April 6, 2021, rebranding as AST SpaceMobile and securing approximately $227 million from its trust account plus $230 million in committed private investment to fund the combined entity's operations. The company is a pre-revenue, early-stage space technology venture organized as an up-C structure, with warrant liabilities of $66.1 million marked down from $68.1 million during the quarter, generating $597,000 in net income primarily from trust account interest and fair value gains on warrant revaluation. Management identified a material weakness in internal controls related to warrant accounting that resulted in a restatement of the prior year's financial statements following SEC guidance issued in April 2021. | r/ASTS |
| 2021-05-18 | 8-K/A | This is an amended 8-K filing updating financial disclosures for AST SpaceMobile's merger with New Providence Acquisition Corp., completed in April 2021. The amendment adds unaudited financial statements for AST & Science, LLC as of March 31, 2021 and pro forma combined financial information for the newly merged entity, along with related management discussion and analysis. The filing itself contains no new material business developments or financial figures, serving primarily to supplement documentation already submitted in prior amendments filed in April and May 2021. | r/ASTS |
| 2021-05-18 | 424B3 | New Providence Acquisition Corp. completed its merger with AST & Science LLC on April 6, 2021, acquiring approximately $227 million in trust account proceeds and raising an additional $230 million through private investment, resulting in the renamed AST SpaceMobile, Inc. beginning trading on Nasdaq under ticker ASTS with an up-C corporate structure. The company identified a material weakness in its warrant accounting controls related to improper classification of warrants issued during its September 2019 initial public offering, which required amendment of its prior-year financial statements following SEC guidance issued in April 2021. | r/ASTS |
| 2021-05-18 | 424B3 | AST SpaceMobile completed its merger with New Providence Acquisition Corp. on April 6, 2021, raising approximately $462 million in total proceeds from $232 million in trust account cash and a $230 million PIPE investment to fund development of its satellite-based cellular broadband network. The combined entity reported $951,000 in quarterly revenue for Q1 2021 against operating losses of $12.1 million, with the company burning through cash as it advanced construction of its BlueWalker 3 test satellite and maintained engineering operations across five global locations. | r/ASTS |
| 2021-05-14 | 424B3 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, becoming a publicly traded company and acquiring $230 million in private investment capital to develop its LEO satellite constellation providing mobile broadband services globally. The company estimates it will need approximately $1.7 billion to design, build, and launch its planned 168-satellite SpaceMobile network, with commercial service expected to begin in 2023 after launching initial satellites covering equatorial regions, though the company has a limited operating history, no current revenues, and faces substantial execution risks including regulatory approval challenges, supply chain dependencies, and competition from other satellite operators. | r/ASTS |
| 2021-05-14 | EFFECT | AST SpaceMobile's registration statement on Form S-1 became effective on May 14, 2021, allowing the company to proceed with its initial public offering. The effectiveness of this registration statement enabled AST SpaceMobile to publicly offer and sell its securities to raise capital for its satellite-based mobile broadband network business. | r/ASTS |
| 2021-05-13 | S-1/A | AST SpaceMobile completed a business combination on April 6, 2021, merging with special purpose acquisition company New Providence Acquisition Corp. and registering to sell 28.75 million shares of Class A common stock and 6.1 million warrants, with a total offering valued at approximately $440 million. The company is developing a satellite-based mobile broadband network using 168 low Earth orbit satellites designed to provide global cellular coverage to standard unmodified mobile phones, pending first revenue generation in 2023 after initial commercial satellite launches, though the business faces substantial development risks, capital requirements, regulatory hurdles, and competitive threats from established satellite operators and terrestrial wireless providers. | r/ASTS |
| 2021-05-13 | CORRESP | AST SpaceMobile requested accelerated effectiveness of its Form S-1 registration statement filed on May 6, 2021, asking the SEC to declare it effective by 4:00 p.m. on May 14, 2021 to enable the company to proceed with its initial public offering. The company designated its legal counsel at Latham & Watkins as the primary contacts for SEC notification of the registration statement's effectiveness. | r/ASTS |
| 2021-05-10 | UPLOAD | Annual report to shareholders (PDF document). View the original document for full content. | r/ASTS |
| 2021-05-06 | 10-K/A | AST SpaceMobile restated its financial statements after an April 2021 SEC guidance clarification required warrant liabilities to be measured at fair value rather than classified as equity, resulting in a $55.7 million increase to accumulated deficit as of December 31, 2020 and identification of a material weakness in internal controls over financial reporting. The company, a blank-check SPAC formed to pursue a business combination, held $232.2 million in trust account assets as of year-end 2020 but reported a net loss of $51.96 million for 2020 driven primarily by a $52.15 million non-cash loss on warrant fair value changes, with only $131,151 in operating cash and a working capital deficit raising substantial going-concern doubts. | r/ASTS |
| 2021-05-06 | 8-K/A | In response to SEC guidance issued in April 2021 requiring warrant accounting treatment as liabilities rather than equity, AST SpaceMobile restated its previously issued financial statements for all periods from inception through December 31, 2020, and concluded that prior financial reports and earnings releases for these periods should no longer be relied upon. The company filed an amended 10-K on May 6, 2021 to reflect the reclassification of its private placement and public warrants, with detailed disclosures of the restatement's impact on previously reported amounts. | r/ASTS |
| 2021-05-06 | S-1 | AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, merging the SPAC with AST & Science LLC to create a publicly traded satellite communications company planning to launch a global broadband network using 168 low-earth orbit satellites, with estimated development costs of approximately $1.7 billion and expected commercial service launch in 2023. The company raised $230 million through a private investment in public equity (PIPE) and has partnerships covering approximately 1.3 billion mobile subscribers, though it faces significant execution risks including satellite launch uncertainties, regulatory approvals needed in multiple countries, substantial capital requirements, and competition from established terrestrial networks and emerging satellite operators like SpaceX's Starlink. | r/ASTS |
| 2021-04-30 | 8-K | Following an SEC staff statement on warrant accounting, the company determined that its previously issued warrants must be reclassified from equity to derivative liabilities measured at fair value rather than equity securities, requiring restatement of all financial statements from inception through September 30, 2020. The company is amending its 2020 Form 10-K to reflect this reclassification and will disclose the impact on previously reported financial results, though the warrant terms themselves remain unchanged. | r/ASTS |
| 2021-04-26 | 3 | American Tower Corporation and its subsidiary ATC TRS II LLC acquired beneficial ownership of approximately 4.67 million shares and units in AST SpaceMobile as of April 16, 2021, consisting of 2.5 million Class A shares and 2.17 million common units convertible into Class B shares on a one-to-one basis starting April 6, 2022. The reporting persons became members of a stockholder group under a Stockholders' Agreement dated April 6, 2021, establishing their initial beneficial ownership stake in the company. | r/ASTS |
| 2021-04-23 | 8-K | On April 12, 2021, the SEC issued guidance requiring special purpose acquisition companies to classify certain warrants as liabilities measured at fair value rather than equity, which would require changes in fair value to be reported as non-cash gains or losses in earnings. AST SpaceMobile determined this new accounting treatment applies to its private placement and public warrants, necessitating a preliminary restatement of its 2020 Form 10-K and other prior filings, and the company is currently working with an independent valuation expert to assess the materiality of required adjustments. The company may file an additional Form 8-K if management, the board, or auditors conclude that previously issued financial statements should no longer be relied upon. | r/ASTS |
| 2021-04-23 | 8-K/A | AST SpaceMobile completed its business combination with New Providence Acquisition Corp. on April 6, 2021, but subsequently faced accounting complications when the SEC indicated that SPAC warrants should be classified as liabilities rather than equity, causing both the company's auditor and subsidiary auditor to withdraw authorization of previously filed financial statements. The company filed this amendment to remove audited financial statements and pro forma information from its initial 8-K filing pending completion of a materiality assessment regarding the warrant accounting treatment impact. | r/ASTS |
| 2021-04-16 | SC 13G | Citadel entities and Kenneth Griffin acquired approximately 3.0 million shares of AST SpaceMobile Class A common stock, representing about 5.8% beneficial ownership following the company's April 2021 initial public offering. The investment was made through multiple related Citadel vehicles, with Citadel Advisors managing a multi-strategy equities fund holding 2.6 million shares and Citadel Securities holding an additional 416,852 shares, and the filers certified the shares were acquired for investment purposes without intent to control the issuer. | r/ASTS |
| 2021-04-16 | SC 13D | American Tower Corporation and its subsidiary ATC TRS II LLC acquired an 8.6% stake in AST SpaceMobile through a business combination that closed on April 6, 2021, purchasing 2.5 million Class A shares at $10 per share for $25 million in a PIPE investment and receiving an additional 2.17 million LLC units and Class B shares. Under a stockholders agreement, American Tower gained the right to nominate one director to the company's board and agreed to voting restrictions that lock up its shares until April 2022, with the ability to exchange its LLC units for additional Class A shares on a one-to-one basis after that date. The investors retain the right to explore extraordinary corporate transactions and evaluate their investment on an ongoing basis depending on business performance, market conditions, and alternative opportunities. | r/ASTS |