AST SpaceMobile, Inc., the company developing the first space-based cellular broadband network, has announced plans to repurchase up to $135 million of its 4.25% convertible senior notes due 2032. This repurchase will be funded through a Registered Direct Offering of Class A common stock. The offering, subject to market conditions, will be conducted under an effective shelf registration statement filed with the SEC. UBS Investment Bank will act as the placement agent and financial advisor, with ICR Capital LLC also serving as a financial advisor. Proceeds from the offering will be used to repurchase the notes, with cash on hand covering related transaction fees and expenses. Holders of the notes involved in the repurchase may engage in market activities affecting the trading price of AST SpaceMobile's stock.
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