Director Hiroshi Mikitani resigns from AST SpaceMobile board; Rakuten loses designation right

AST SpaceMobile, Inc.

Hiroshi Mikitani resigned from the board on Jan 13, 2026; no disagreement with company operations.
Rakuten no longer holds sufficient Class A shares to retain board seat designation under Stockholders Agreement.
Rakuten retains right to appoint one board observer; board reduced from 12 to 11 directors.
Mikitani served on the Network Planning & Spectrum Committee; his departure effective immediately.

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