{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-021421","form_type":"8-K","ticker":"ASTS","cik":"0001780312","company_name":"AST SpaceMobile, Inc.","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.965703+00:00","generated_at":"2026-05-17T23:47:08.884761+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"AST SpaceMobile raises $575M via 2.375% convertible notes due 2032 with capped call","bullets":["Completed private offering of $575M aggregate principal amount of 2.375% Convertible Senior Notes due 2032, including full exercise of initial purchasers' option for additional $75M.","Notes carry initial conversion price of approximately $72.07 per share (20% premium over July 24, 2025 closing price of $60.06) and mature October 15, 2032.","Entered into capped call transactions with cap price of $120.12 per share (100% premium) to reduce potential dilution upon conversion.","Net proceeds of approximately $560M after discounts and expenses; used $54.1M to pay cost of capped calls, remaining for working capital and general corporate purposes.","Also announced pricing of a separate registered direct offering of Class A common stock and concurrent repurchase of a portion of its existing 4.25% convertible notes due 2032."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-021421","json":"https://secwatch.observer/filing/0001641172-25-021421.json","markdown":"https://secwatch.observer/filing/0001641172-25-021421.md","text":"https://secwatch.observer/filing/0001641172-25-021421.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1780312/000164117225021421/0001641172-25-021421-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1780312/000164117225021421/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-17T23:47:08.884761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"59e2cc037bf5bad4ee95068cd40511807866e19e","claim":"AST SpaceMobile, Inc. incurred convertible notes of $575 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.375% per year maturing October 15, 2032.","evidence_excerpt":"On July 29, 2025, AST SpaceMobile, Inc. (the “ Company ”) completed its previously announced private offering (the “ Offering ”) of $575 million aggregate principal amount of 2.375% Convertible Senior Notes due 2032 (the “ Notes ”), which includes the exercise in full of the initial purchasers’ option to purchase up to an additional $75 million principal amount of the Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1780312/000164117225021421/0001641172-25-021421-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$575 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"2.375% per year"},{"label":"Maturity","value":"October 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}