---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-012323"
form_type: "8-K"
ticker: "ASTS"
cik: "0001780312"
company_name: "AST SpaceMobile, Inc."
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T23:05:00.242094+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-012323
- form_type: 8-K
- ticker: ASTS
- cik: 0001780312
- company_name: AST SpaceMobile, Inc.
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780312/000149315222012323/0001493152-22-012323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780312/000149315222012323/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-012323
- JSON: https://secwatch.observer/filing/0001493152-22-012323.json
- Plain text: https://secwatch.observer/filing/0001493152-22-012323.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000149315222012323/0001493152-22-012323-index.htm
- Executive change
  Shanti Gupta was appointed as acting principal financial officer at AST SpaceMobile, Inc..
  - Action: appointed
  - Role: acting principal financial officer
  source text: the Company has identified Shanti Gupta, its current principal accounting officer, to serve as acting principal financial officer until Mr. Wallace’s start date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1780312/000149315222012323/0001493152-22-012323-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.