AST SpaceMobile US$503m registered direct offering to retire 2032 convertible notes
AST SpaceMobile sold shares directly to investors and used the money to buy back convertible notes that had moved deep into the money.
- Company
- AST SpaceMobile
- Type
- Equity raise
- Status
- Completed
- Date
- 1 Jul 2025
- Value
- US$502.9m
- Value basis
- 9,450,268 Class A shares at US$53.22 (US$502.9m), sold to repurchase about US$225m of 4.25% convertible notes due 2032
- Region
- US
- Segment
- Listed equity
Parties
- AST SpaceMobile issuer
Key terms
- Price
- US$53.22 a share
- Placement agent
- UBS Securities
- Use of proceeds
- Repurchase of about US$225m principal of 2032 convertible notes for about US$502.9m
Sources
- AST SpaceMobile prospectus supplement (Form 424B5): registered direct offering of 9,450,268 shares sec.gov · 25 Jun 2025
Record ORB-INV-2025-0033. Investments are kept apart from the financings register and never counted in debt totals.
