AST SpaceMobile repurchases $225M convertible notes, secures $100M equipment financing

AST SpaceMobile, Inc.

Repurchased $225M principal of 4.25% convertible notes due 2032 for ~$502.9M, eliminating ~8.3M underlying shares and ~$63.8M remaining interest.
Funded repurchase with net proceeds from equity offering of 9,450,268 shares at $53.22 per share.
Closed $100M non-dilutive equipment financing facility with Trinity Capital; initial draws of $21.5M and $3.5M funded, up to $75M additional available through June 2027.
Company ended Q2 with over $900M in cash, cash equivalents, and restricted cash.
Capped call on repurchased notes remains outstanding to reduce future dilution on conversion.

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