What's Driving AST SpaceMobile Stock Lower Friday?

AST SpaceMobile shares are sliding. What’s weighing on ASTS shares?ASTS Stock Pressured By $1B Convertible Notes DealHow AST SpaceMobile Plans To Use The ProceedsThe company said it expects net proceeds of about $983.7 million (or roughly $1.13 billion if the option is exercised) and intends to use the capital for general corporate purposes. Those uses include accelerating global spectrum deployment, investing in U.S. government space opportunities, reducing higher-interest debt and making opportunistic inv ...