ASTS Stock Moves Higher After Warrant Buyback Announcement

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 $11.50 per share or buy them back at $0.01 each. The ...