AST SpaceMobile forces early redemption of public warrants at $0.01, exercise deadline Sept 27

AST SpaceMobile, Inc.

Company will redeem all outstanding public warrants (ASTSW) at $0.01 per warrant on September 27, 2024.
Stock price condition met: ASTS closed at $31.11 on Aug 27; $18 threshold satisfied for 20 of 30 days through Aug 23.
Holders may exercise at $11.50/share until 5 PM ET on Sept 27; no cashless exercise permitted.
On Aug 27, ASTS closed at $31.11 and warrants at $19.62—deeply in-the-money, incentivizing exercise.
Warrants will cease trading on Nasdaq at redemption deadline; unexercised warrants become void.

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