{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-020619","form_type":"8-K","ticker":"ASTS","cik":"0001780312","company_name":"AST SpaceMobile, Inc.","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.415391+00:00","generated_at":"2026-05-17T00:55:14.292716+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"AST SpaceMobile subsidiary obtains $420M cash-collateralized loan from UBS","bullets":["BackstopCo, LLC borrowed $420M at Term SOFR + 2%, maturing October 31, 2028.","Loan is secured by substantially all assets of BackstopCo; AST SpaceMobile is not liable as borrower or guarantor.","AST LLC is limited guarantor only for certain 'bad boy' events; recourse limited to AST LLC's equity in BackstopCo.","Proceeds used to fund a collateral account and pay loan expenses; BackstopCo must maintain cash at 102% of outstanding principal.","Loan can be prepaid without penalty; includes customary covenants and events of default."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-020619","json":"https://secwatch.observer/filing/0001493152-25-020619.json","markdown":"https://secwatch.observer/filing/0001493152-25-020619.md","text":"https://secwatch.observer/filing/0001493152-25-020619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/0001493152-25-020619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:55:14.292716+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b5279e4171d2972b42a3f238a42607ca1ecb9019","claim":"AST SpaceMobile, Inc. incurred term loan of $420.0 million with UBS AG, Stamford Branch at Term SOFR plus 2.0% per annum maturing earlier of (a) October 31, 2028 and (b) the date on which the Loan Facility shall be terminated or accelerated.","evidence_excerpt":"On October 31, 2025 (the “Closing Date”), BackstopCo, LLC (“BackstopCo”), a subsidiary of AST & Science, LLC (“AST LLC”) entered into a loan agreement with UBS AG, Stamford Branch as lender (the “Loan Agreement”). The Loan Agreement provides for a cash collateralized term loan facility (the “Loan Facility”) in an aggregate principal amount of $420.0 million (“Loan Amount”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000149315225020619/0001493152-25-020619-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$420.0 million"},{"label":"Counterparty","value":"UBS AG, Stamford Branch"},{"label":"Rate","value":"Term SOFR plus 2.0% per annum"},{"label":"Maturity","value":"earlier of (a) October 31, 2028 and (b) the date on which the Loan Facility shall be terminated or accelerated"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}