AST SpaceMobile prices USD 1 billion convertible senior notes due 2034
Reuters2026/07/20 20:17By:Reuters
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- AST SpaceMobile priced a private offering of USD 1 billion 1.625% convertible senior notes due 2034.
- Initial conversion price set at USD 79.57 per share; conversion rate 12 shares per USD 1,000 principal amount.
- Capped call transactions set an initial cap price of USD 149.2 per share; AST SpaceMobile expects to spend USD 96.9 million.
- Initial purchasers hold an option to buy up to an additional USD 150 million of notes within 13 days of issuance.
- Net proceeds estimated at USD 983.6 million; funds earmarked for growth initiatives, orbit access, partnerships or acquisitions.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AST Spacemobile Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-033912), on July 20, 2026, and is solely responsible for the information contained therein.
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