other material
confidence high
sentiment neutral
materiality 0.85
AST SpaceMobile launches $800M at-the-market equity offering program
AST SpaceMobile, Inc.
- Entered ATM equity distribution agreement for up to $800M of Class A common stock.
- Ten agents include B. Riley Securities, Barclays, BofA Securities, Cantor Fitzgerald, Deutsche Bank, Roth Capital, Scotia, UBS, William Blair, and Yorkville.
- Agents earn commission up to 3% of gross sales price; Company not required to sell any shares.
- Program extends up to three years or until $800M sold; shares issued under shelf registration 333-281939.