---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-006223"
form_type: "8-K"
ticker: "ASTS"
cik: "0001780312"
company_name: "AST SpaceMobile, Inc."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:20:58.102009+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AST SpaceMobile proposes $1.0B convertible notes; preliminary 2025 revenue $63-71M

## Summary
- Proposed $1.0B convertible senior notes due 2036 to qualified institutional buyers.
- Proposed registered direct offerings of Class A common stock to fund up to $300M repurchase of existing convertible notes.
- Preliminary FY2025: revenue $63-71M, adjusted operating expenses $257-263M, cash & equivalents ~$2.78B as of Dec 31, 2025.
- ATM program: ~10.1M shares sold for ~$706.3M net proceeds; $80M remaining as of Feb 10, 2026.
- Total indebtedness ~$2.26B as of Dec 31, 2025, including $1.15B of 2.00% convertible notes due 2036 and $420M term loan.

## SEC filing metadata
- accession: 0001493152-26-006223
- form_type: 8-K
- ticker: ASTS
- cik: 0001780312
- company_name: AST SpaceMobile, Inc.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1780312/000149315226006223/0001493152-26-006223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1780312/000149315226006223/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-006223
- JSON: https://secwatch.observer/filing/0001493152-26-006223.json
- Plain text: https://secwatch.observer/filing/0001493152-26-006223.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.