AST SpaceMobile to acquire global S-Band ITU spectrum priority rights for $64.5M

AST SpaceMobile, Inc.

• Deal includes $26M at closing, $10M each on 2nd and 3rd anniversaries, plus $18.5M in performance milestones.
• Rights cover 30+30 MHz MSS frequencies (1980-2010 MHz and 2170-2200 MHz) for low Earth orbit use.
• Closing expected H2 2025; consideration payable in cash or ASTS stock at company's election.
• Spectrum complements existing 3GPP cellular and planned L-Band strategies to boost capacity and peak speeds up to 120 Mbps.
• UBS Securities acting as financial advisor; McGuire Woods as legal counsel.