Ast spacemobile, inc. announces pricing of upsized $75,000,000 public offering of class a common stock

Midland, texas--( business wire )--ast spacemobile, inc. (nasdaq: asts) (the “company” or “ast spacemobile”) announced today the pricing of its previously announced public offering of its class a common stock, par value $0.0001 per share (the “class a common stock”). the company has agreed to sell 13,636,364 shares of class a common stock at a price to the public of $5.50 per share. the company has granted the underwriter a 30-day option to purchase up to an additional 2,045,454 shares of class a common stock at the public offering price, less the underwriting discounts and commissions, solely to cover over-allotments, if any. the gross proceeds to the company from the offering, before deducting underwriting discounts, commissions and other offering expenses, will be approximately $75.0 million ($86.25 million if the underwriter exercises its option to purchase additional shares in full). the company intends to use the net proceeds of the offering for general corporate purposes.
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