AST SpaceMobile(ASTS) - 2025 Q2 - Quarterly Results

Form 8-K Current Report Results of Operation and Financial Condition AST SpaceMobile provided supplementary disclosures on July 24, 2025, including preliminary financial information and an ATM program update, related to proposed convertible notes and common stock offerings - The company announced a proposed offering of convertible senior notes due 2032 (the "New Notes Offering") and a registered direct offering of its Class A common stock[6] - The disclosures in this section are intended to supplement and update information from prior SEC filings[6] Liquidity Update As of June 30, 2025, the company reported preliminary cash of $939.4 million and total consolidated debt of $278.6 million, subject to finalization Preliminary Financial Position as of June 30, 2025 | Metric | Amount (Approx. in USD) | | :--- | :--- | | Total Cash, Cash Equivalents, and Restricted Cash | $939.4 million | | Total Consolidated Indebtedness | $278.6 million | | - Existing Convertible Notes (Principal) | $235.0 million | | - Senior Secured Indebtedness | $43.6 million | - The provided financial information is a preliminary estimate and has not been audited, reviewed, or compiled by independent auditors; the final figures may change[7] ATM Program Update The company terminated its 2025 ATM program on July 23, 2025, having sold approximately 13.6 million shares for $488.7 million in net proceeds - The 2025 ATM Program was terminated on July 23, 2025, after having utilized virtually its entire $500.0 million capacity[8] 2025 ATM Program Results (as of July 16, 2025) | Metric | Value | | :--- | :--- | | Shares Sold | ~13.6 million | | Aggregate Net Proceeds | $488.7 million | Other Events On July 24, 2025, the company announced a proposed $500.0 million private offering of convertible notes and a registered direct stock offering to fund a $135.0 million note repurchase - Announced a proposed private offering of $500.0 million of Convertible Senior Notes due 2032 to qualified institutional buyers[10][12] - Announced a proposed registered direct offering of Class A common stock to fund a concurrent repurchase of up to $135.0 million of its Existing Convertible Notes[10][12] Financial Statements and Exhibits This section lists the exhibits filed with the Form 8-K, including press releases on proposed financing activities and the interactive data file Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press release on the proposed private offering of $500.0 million of Convertible Senior Notes due 2032 | | 99.2 | Press release on the proposed repurchase of up to $135.0 million of convertible notes funded by a concurrent registered direct offering of Class A common stock | | 104 | Cover Page Interactive Data File |