AST SpaceMobile, Inc. (ASTS): debt financing — AST SpaceMobile prices $1.0B 2% convertible notes due 2036; raises $981.9M net for satellite deployment

AST SpaceMobile, Inc.

Priced $1.0B aggregate principal of 2.00% Convertible Senior Notes due 2036 (up from $850M); net proceeds ~$981.9M.
Initial conversion price ~$96.30 per share, a 22.5% premium to $78.61 closing price on Oct 21, 2025.
Granted initial purchasers option for up to $150M additional notes; proceeds for satellite constellation deployment.
Concurrent registered direct offering of ~2.0M shares at $78.61/share to fund $50M repurchase of existing 4.25% notes due 2032.
Notes are unsecured, mature Jan 15, 2036; redeemable after Jan 22, 2029 under conditions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

AST SpaceMobile, Inc. incurred convertible notes of $1.0 billion with Initial purchasers at 2.00% per year maturing January 15, 2036.

Instrument: convertible notes
Principal: $1.0 billion
Counterparty: Initial purchasers
Rate: 2.00% per year
Maturity: January 15, 2036
Event: incurrence

Exact text from the filing

On October 24, 2025, AST SpaceMobile, Inc. (the “ Company ”) completed its previously announced private offering (the “ Offering ”) of $1.0 billion aggregate principal amount of 2.00% Convertible Senior Notes due 2036 (the “ Notes ”).

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AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-019292

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