---
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"
generated_at: "2026-05-17T23:47:08.884761+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AST SpaceMobile raises $575M via 2.375% convertible notes due 2032 with capped call

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-021421
- JSON: https://secwatch.observer/filing/0001641172-25-021421.json
- Plain text: https://secwatch.observer/filing/0001641172-25-021421.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $575 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 2.375% per year
  - Maturity: October 15, 2032
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1780312/000164117225021421/0001641172-25-021421-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.