InvestorNewsBreaks – AST SpaceMobile, Inc. (NASDAQ: ASTS) Closed $1 Billion Convertible Senior Notes Offering
AST SpaceMobile (NASDAQ: ASTS), which is building a space-based cellular broadband network accessible directly by everyday smartphones for commercial and government applications, closed a $1 billion aggregate principal amount offering of 1.625% convertible senior notes due 2034 in July 2026. The initial purchasers also exercised in full their option to purchase an additional $150 million principal amount of notes. As part of the transaction, AST SpaceMobile purchased a capped call hedge that increased the effective conversion price to $149.20 per…