AST SpaceMobile repurchases $225M of 4.25% convertibles, issues 9.45M shares at $53.22 to fund repurchase

AST SpaceMobile, Inc.

Repurchased $225M principal of 4.25% convertible notes due 2032, eliminating ~$63.8M remaining interest.
Issued 9.45M shares at $53.22 in registered direct offering to participating note holders to fund the repurchase.
Repurchase removes ~8.34M underlying shares from dilution; net incremental shares issued ~1.04M.
After transaction, $235M aggregate principal of the notes will remain outstanding.
Capped call hedge remains outstanding to reduce dilution upon future conversion.

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