AST SpaceMobile, Inc. Completes Equity Offering and Repurchase of Convertible Notes

On October 29, 2025, AST SpaceMobile, Inc. completed the repurchase of $50.0 million principal amount of its outstanding 4.25% convertible senior notes due 2032 for an aggregate repurchase price of approximately $161.1 million, including accrued and unpaid interest. The repurchase was funded with the net proceeds from the company's registered direct offering of 2,048,849 shares of its Class A common stock at $78.61 per share, which closed on the same date. Additionally, the company consummated the sale of $150,000,000 aggregate principal amount of its 2.00% Convertible Senior Notes due 2036, following the exercise of an option by the initial purchasers. The equity offering and note transactions were conducted in compliance with the Securities Act of 1933, and the company filed the necessary documents with the SEC.