AST SpaceMobile enters $75M committed equity facility with B. Riley; preserves cash for BlueBird satellites

AST SpaceMobile, Inc.

Entered agreement to sell up to $75M of Class A common stock over 24 months at up to 3% discount to VWAP.
Sales are at company's discretion; B. Riley limited to 4.99% beneficial ownership and 19.99% of outstanding stock.
Issued 21,969 shares as initial commitment shares; up to 65,907 additional shares at milestones.
Proceeds to support operating expenses and preserve balance sheet cash for BlueBird production satellites.
Shanti Gupta named acting principal financial officer pending new CFO Sean Wallace's start on May 10, 2022.

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Sean Wallace

Executive Vice President and Chief Financial Officer

ASTS · AST SpaceMobile, Inc.

Effective: 2022-05-10
Filed: May 6, 2022, 7:59 PM ET

In connection with the previously announced appointment of Sean Wallace as Executive Vice President and Chief Financial Officer of the Company, effective May 10, 2022

Appointed (interim)

Shanti Gupta

acting principal financial officer

ASTS · AST SpaceMobile, Inc.

Filed: May 6, 2022, 7:59 PM ET

the Company has identified Shanti Gupta, its current principal accounting officer, to serve as acting principal financial officer until Mr. Wallace’s start date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Wallace was appointed as Executive Vice President and Chief Financial Officer at AST SpaceMobile, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

In connection with the previously announced appointment of Sean Wallace as Executive Vice President and Chief Financial Officer of the Company, effective May 10, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shanti Gupta was appointed as acting principal financial officer at AST SpaceMobile, Inc..

Action: appointed
Role: acting principal financial officer

Exact text from the filing

the Company has identified Shanti Gupta, its current principal accounting officer, to serve as acting principal financial officer until Mr. Wallace’s start date.

View on SEC.gov

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-012323

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.