AST SpaceMobile secures up to 45 MHz of lower mid-band spectrum from Ligado; receives $550M financing commitment

AST SpaceMobile, Inc.

Ligado will provide spectrum, satellite and ground station assets; AST pays ~4.7M penny warrants, $350M cash/stock, $200M cash/notes, $80M annual payments, plus revenue share until 2107.
AST gets right to sublease spectrum from CCI Agreement and option to purchase after 7 years, with 30% premium in stock.
Transaction is part of Ligado's Chapter 11; requires Bankruptcy Court approval; break-up fee of $200M payable to AST if Ligado pursues alternative deal.
AST received a $550M non-recourse senior-secured term loan commitment for a special-purpose subsidiary to support payment obligations.
Restructuring Support Agreement signed with Ligado and consenting stakeholders to advance the deal, with milestones through May 5, 2028.

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.