AST SpaceMobile signs definitive agreements with Ligado for up to 45 MHz mid-band spectrum

AST SpaceMobile, Inc.

AST SpaceMobile will pay $350 million in cash plus $200 million option for rights to up to 45 MHz of lower mid-band spectrum from Ligado.
Annual payments of at least $80 million for L-band spectrum use, with portion payable in equity after three years.
Company issued approximately 4.7 million warrants exercisable at $0.01 per share, subject to 12-month lock-up.
Cerberus and Fortress granted observer rights on AST SpaceMobile board and Network and Spectrum Planning Committee.
Deal includes revenue share payments and a break-up fee if Ligado litigation materially impacts spectrum use.

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