TechMediaBreaks – AST SpaceMobile, Inc. (NASDAQ: ASTS) Prices $1 Billion Convertible Notes Offering Increased From $850 Million
AST SpaceMobile (NASDAQ: ASTS), priced $1 billion in convertible senior notes due 2036 in a private Rule 144A offering, raising the deal size from the previously announced $850 million. The notes carry an initial conversion price of approximately $96.30 per share, a premium of about 22.5% to the last reported sale price on Oct. 21, 2025, and AST SpaceMobile granted initial purchasers an option to buy up to an additional $150 million within 13 days of issuance. Net proceeds are expected to total about $981.9 million, or $1.13 billion if the option is exercised in full, and will support general…