AST SpaceMobile prices $1.0B 1.625% convertible notes due 2034; initial conversion price $79.57

AST SpaceMobile, Inc.

$1.0B aggregate principal, 1.625% coupon, due Feb 1 2034; initial conversion price ~$79.57 (20% premium over $66.31 close).
Capped call transactions with cap price $149.20 per share (125% premium) to reduce dilution upon conversion.
Net proceeds ~$983.6M; $96.9M used for capped call, remainder for growth initiatives and vertical integration.
Initial purchasers granted option to buy up to $150M additional notes within 13 days of settlement.
Notes are unsecured, not redeemable, and convertible only under specified conditions or after Nov 1 2033.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.