AST SpaceMobile issues additional $75M of 2.25% Convertible Notes due 2036

AST SpaceMobile, Inc.

On Feb 20, 2026, AST SpaceMobile sold an additional $75M aggregate principal amount of 2.25% Convertible Senior Notes due 2036 to initial purchasers via option exercise.
Total outstanding principal of the Notes is now $1.075B, including the initial $1B issued on Feb 17, 2026.
Notes are convertible; maximum initial shares of Class A common stock issuable upon conversion is 11,091,528 at a rate of 10.3177 shares per $1,000 principal.
Notes were issued in a private placement under Section 4(a)(2) and Rule 144A; shares upon conversion are exempt under Section 3(a)(9).

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