AST SpaceMobile US$347m registered direct offering with the 2.375% convertible notes
AST SpaceMobile paired a registered direct share sale with new convertible notes, using the share money to repurchase older convertible notes.
- Company
- AST SpaceMobile
- Type
- Equity raise
- Status
- Completed
- Date
- 28 Jul 2025
- Value
- US$346.9m
- Value basis
- 5,775,635 Class A shares at US$60.06 (US$346.9m), alongside a US$500m 2.375% convertible notes offering
- Region
- US
- Segment
- Listed equity
Parties
- AST SpaceMobile issuer
Key terms
- Price
- US$60.06 a share
- Concurrent offering
- US$500m 2.375% convertible senior notes due 2032
- Use of proceeds
- With cash on hand, repurchase of US$135m principal of existing convertible notes
Sources
- AST SpaceMobile prospectus supplement (Form 424B5): registered direct offering of 5,775,635 shares sec.gov · Jul 2025
Record ORB-INV-2025-0034. Investments are kept apart from the financings register and never counted in debt totals.
