{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-042594","form_type":"8-K","ticker":"ASTS","cik":"0001780312","company_name":"AST SpaceMobile, Inc.","filed_at":"2023-08-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.202629+00:00","generated_at":"2026-06-11T09:32:42.812510+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"AST SpaceMobile closes $100M Atlas credit facility, draws $48.5M at 14.75% interest","bullets":["Up to $100M total commitment; $48.5M drawn at closing; remaining $51.5M conditional on equity raises and insurance.","Interest fixed at 3-month SOFR + 9.625% (14.75% on initial draw), quarterly payments; matures August 14, 2026.","Net proceeds $37.3M after fees and escrows; also entered $15M Lone Star loan secured by Texas facility.","Covenants include minimum liquidity, restrictions on dividends and indebtedness; Lone Star loan requires retaining CEO.","Proceeds for general corporate purposes; secured by substantially all assets of the company and subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-042594","json":"https://secwatch.observer/filing/0000950170-23-042594.json","markdown":"https://secwatch.observer/filing/0000950170-23-042594.md","text":"https://secwatch.observer/filing/0000950170-23-042594.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/asts-20230814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:32:42.812510+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"316098a02e3d468ba3608ad5efe80f8f3b39dec4","claim":"AST SpaceMobile, Inc. incurred term loan of up to $100.0 million with Atlas Credit Partners, LLC at 14.75% maturing August 14, 2026.","evidence_excerpt":"On August 14, 2023, AST & Science, LLC (\"AST LLC\"), a wholly owned subsidiary of AST SpaceMobile, Inc. (the \"Company\") entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC as administrative agent and collateral agent and Atlas Credit Partners, LLC (\"Atlas\") as lender, providing for a principal loan commitment of up to $100.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $100.0 million"},{"label":"Counterparty","value":"Atlas Credit Partners, LLC"},{"label":"Rate","value":"14.75%"},{"label":"Maturity","value":"August 14, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"43c0930a5761e72ff3e8d9157e6b0d9e15aba52d","claim":"AST SpaceMobile, Inc. incurred term loan of $15.0 million with Lone Star State Bank of West Texas at Prime Rate plus 0.75% maturing January 14, 2029.","evidence_excerpt":"on August 14, 2023, AST LLC and certain other subsidiaries of the Company entered into a loan agreement with Lone Star State Bank of West Texas (\"Lone Star\") as lender, providing for $15.0 million principal term loan commitment secured by certain real property fixtures and equipment","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$15.0 million"},{"label":"Counterparty","value":"Lone Star State Bank of West Texas"},{"label":"Rate","value":"Prime Rate plus 0.75%"},{"label":"Maturity","value":"January 14, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"25cf48eca427863c7a15d1760578208e8dcc992e","claim":"AST SpaceMobile, Inc. entered into Lone Star Loan Agreement with Lone Star State Bank of West Texas valued at $15.0 million principal term loan commitment (effective 2023-08-14).","evidence_excerpt":"on August 14, 2023, AST LLC and certain other subsidiaries of the Company entered into a loan agreement with Lone Star State Bank of West Texas (“Lone Star”) as lender, providing for $15.0 million principal term loan commitment secured by certain real property fixtures and equipment","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lone Star State Bank of West Texas"},{"label":"Value","value":"$15.0 million principal term loan commitment"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"material_agreement"},{"claim_id":"41d9cac79580ddb77d0d8ea9e911d01d82d969cc","claim":"AST SpaceMobile, Inc. entered into Atlas Credit Agreement with Atlas Credit Partners, LLC valued at $100.0 million principal loan commitment, $48.5 million borrowed at closing (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, AST & Science, LLC (“AST LLC”), a wholly owned subsidiary of AST SpaceMobile, Inc. (the “Company”) entered into a senior secured term loan credit agreement with ACP Post Oak Credit II LLC as administrative agent and collateral agent and Atlas Credit Partners, LLC (“Atlas”) as lender, providing for a principal loan commitment of up to $100.0 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000095017023042594/0000950170-23-042594-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Atlas Credit Partners, LLC"},{"label":"Value","value":"$100.0 million principal loan commitment, $48.5 million borrowed at closing"},{"label":"Effective","value":"2023-08-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}