AST SpaceMobile prices $460M 4.25% convertible notes due 2032; net proceeds $446.3M

AST SpaceMobile, Inc.

Offering of $460M aggregate principal amount, including $60M initial purchasers' option exercised.
Notes bear 4.25% coupon, mature March 1, 2032; initial conversion price ~$26.99 (20% premium over $22.49 stock price).
Capped call transactions entered with cap price $44.98/share to reduce dilution on conversion.
Net proceeds ~$446.3M; ~$44.5M used for capped calls, remainder for working capital and general purposes.
Notes are unsecured, not redeemable before March 6, 2029; holders may require repurchase on a fundamental change.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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.