AST SpaceMobile Announces Pricing Of Convertible Senior Notes, Stock Up In Pre-Market

Core Viewpoint - AST SpaceMobile, Inc. has announced a private offering of $1.0 billion in convertible senior notes with a 2.250 percent interest rate, maturing in 2036, indicating a strategic move to raise capital for various corporate initiatives [1][2]. Group 1 - The initial conversion price for the notes is set at approximately $116.30 per share of AST SpaceMobile's Class A common stock [1]. - Proceeds from the offering will be utilized for general corporate purposes, including accelerating the deployment of controlled spectrum bands globally and enhancing investment in government space opportunities in the U.S. [2]. - The company aims to reduce higher interest debt and pursue opportunistic investments to enhance its SpaceMobile Service and capabilities [2]. Group 2 - The settlement of the notes sale to initial purchasers is expected to occur on February 17, 2026 [3]. - In pre-market trading, AST SpaceMobile's stock is down $88.00, reflecting a 9.20 percent decrease on the Nasdaq [3].