Ast spacemobile announces $75 million committed equity facility

Midland, texas--(business wire)---- $asts #5g--ast spacemobile, inc. (nasdaq: asts), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced it has entered into a common stock purchase agreement with b. riley principal capital, llc (“b. riley”). the agreement governs a committed equity facility that provides ast spacemobile with the right, without obligation, to sell and issue up to $75 million of its class a
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