AST SpaceMobile Inc. has entered into an Equity Distribution Agreement to sell shares of its Class A common stock, valued at up to $500 million. This "at the market offering" program, with a term of up to three years, involves several sales agents, including B. Riley Securities, Barclays Capital, and BofA Securities, among others. The program will conclude upon reaching the $500 million target or by mutual agreement of termination. The shares will be issued under the company's shelf registration statement, with a prospectus supplement filed with the U.S. Securities and Exchange Commission. This new agreement replaces a prior distribution agreement dated September 2024.