AST SpaceMobile US$57m share offering (June 2023)
AST SpaceMobile sold shares to fund launch payments for its BlueBird satellites.
- Company
- AST SpaceMobile
- Type
- Equity raise
- Status
- Completed
- Date
- 30 Jun 2023
- Value
- US$56.9m
- Value basis
- 12,500,000 Class A shares bought by the underwriter at US$4.55 (US$56.9m to the company)
- Region
- US
- Segment
- Listed equity
Parties
- AST SpaceMobile issuer
Key terms
- Price to the company
- US$4.55 a share
- Underwriter
- Barclays (sole book-running manager)
- Use of proceeds
- General corporate purposes, including launch services payments
Sources
- AST SpaceMobile prospectus supplement (Form 424B5): 12,500,000 shares of Class A common stock sec.gov · 27 Jun 2023
Record ORB-INV-2023-0021. Investments are kept apart from the financings register and never counted in debt totals.
