AST SpaceMobile Sets Price for $100 Million Stock Offering

AST SpaceMobile Announces Pricing of $100 Million Stock Offering

AST SpaceMobile, Inc. (NASDAQ:ASTS), a company specializing in space-based cellular broadband network technology, has recently announced the pricing of its public offering of Class A common stock. The offering includes 32,258,064 shares at $3.10 each, with the potential for an additional 4,838,709 shares if the underwriter exercises its purchase option in full. This could potentially raise gross proceeds of approximately $100 million, or up to $115 million if the additional shares are sold.