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ASTS Stock Moves Higher After Warrant Buyback Announcement
ASTSAST SpaceMobile(ASTS) Gurufocus·2024-10-04 15:51

Shares of AST SpaceMobile (ASTS, Financial) witnessed a notable rise, climbing 8.04% as the company made strides in its financial strategy. The uptick comes on the heels of a recent announcement related to its outstanding warrants.AST SpaceMobile (ASTS, Financial) recently filed an 8-K with the SEC to announce its decision to repurchase all publicly traded warrants. This strategic move follows the company's prior announcement to redeem these warrants for 11.50pershareorbuythembackat11.50 per share or buy them back at 0.01 each. The ...