Ast spacemobile announces closing of its capital raise of $75 million and welcomes new stockholders

Midland, texas--( business wire )--ast spacemobile, inc. ("ast spacemobile") (nasdaq: asts) is pleased to announce the closing of its offering of 13,636,364 shares of class a common stock raising gross proceeds of $75.0 million. b. riley securities (“b. riley”) was the sole book-running manager of the offering. the company has also granted b. riley a 30-day option to purchase an additional 2,045,454 shares to cover over-allotments, if any, which would raise an additional $11.25 million in gross proceeds for ast spacemobile if exercised.
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