AST SpaceMobile, Inc. (ASTS): debt financing — AST SpaceMobile prices $1B convertible notes at 2.25%, plus stock offerings to repurchase $296.5M higher-rate debt

AST SpaceMobile, Inc.

$1.0B principal of 2.25% convertible senior notes due 2036; initial conversion price ~$116.30 (20% premium).
Net proceeds ~$983.7M ($1.131B if $150M option exercised); used for spectrum deployment, AI, gov't space, debt reduction.
Separate registered direct offerings of 6.34M shares to fund repurchase of $46.5M of 4.25% notes and $250M of 2.375% notes.
Notes non-callable before April 2036; holders may convert on certain conditions; interest starts Feb 17, 2026.
Option for initial purchasers to buy up to an additional $150M of notes through Feb 20, 2026.

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 0.99

AST SpaceMobile, Inc. incurred convertible notes of $1,000,000,000 aggregate principal amount; $150,000,000 greenshoe option with initial purchasers (unnamed) at 2.25% per year maturing April 15, 2036.

Instrument: convertible notes
Principal: $1,000,000,000 aggregate principal amount; $150,000,000 greenshoe option
Counterparty: initial purchasers (unnamed)
Rate: 2.25% per year
Maturity: April 15, 2036
Event: incurrence

Exact text from the filing

On February 17, 2026, AST SpaceMobile, Inc. (the “ Company ”) completed its previously announced private offering (the “ Offering ”) of $1.0 billion aggregate principal amount of 2.25% Convertible Senior Notes due 2036 (the “ Notes ”).

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AST SpaceMobile, Inc. issued convertible note to initial purchasers for $1.0 billion aggregate principal amount.

Security: convertible note
Purchaser: initial purchasers
Consideration: $1.0 billion aggregate principal amount

Exact text from the filing

On February 17, 2026, AST SpaceMobile, Inc. (the “ Company ”) completed its previously announced private offering (the “ Offering ”) of $1.0 billion aggregate principal amount of 2.25% Convertible Senior Notes due 2036 (the “ Notes ”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

AST SpaceMobile, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1.0 billion aggregate principal amount of 2.25% Convertible Senior Notes due 2036 (effective 2026-02-17).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $1.0 billion aggregate principal amount of 2.25% Convertible Senior Notes due 2036
Effective: 2026-02-17

Exact text from the filing

On February 17, 2026, AST SpaceMobile, Inc. (the “ Company ”) completed its previously announced private offering (the “ Offering ”) of $1.0 billion aggregate principal amount of 2.25% Convertible Senior Notes due 2036 (the “ Notes ”).

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

AST SpaceMobile, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-007126

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