AST SpaceMobile (ASTS) Completes $1 Billion Convertible Notes Offering Private

Group 1 - AST SpaceMobile, Inc. completed a $1 billion private offering of 2.25% convertible senior notes due 2036, generating approximately $983.7 million to strengthen its balance sheet and fund expansion initiatives [1] - The company plans to use the net proceeds for global spectrum deployment and advancing AI monetization, while also launching share offerings and convertible note repurchases to reduce high-cost debt [1] - AST SpaceMobile's balance sheet has been strengthened to $2.78 billion through the recent note offering and a $614 million offering, despite a 15% share decline due to a sector-wide slump [2] Group 2 - AST SpaceMobile, founded in 2017, is a publicly traded satellite designer and manufacturer focused on building the first space-based cellular broadband network for standard smartphones [3]