AST SpaceMobile Announces Closing of Private Offering of $460.0 Million of Convertible Senior Notes Due 2032
2025年1月28日 - 7:44AM
ビジネスワイヤ(英語)
Strengthens balance sheet with nearly $1
billion in pro forma cash to accelerate company manufacturing
plan
Structured efficiently with seven-year maturity
and $44.98 effective conversion price
AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the
company building the first and only space-based cellular broadband
network accessible directly by everyday smartphones, designed for
both commercial and government applications, today announced the
closing of $460.0 million aggregate principal amount of convertible
senior notes due 2032 (the “notes”) including the exercise in full
of the option granted to the initial purchasers to purchase up to
$60.0 million aggregate principal amount of notes.
“This successful financing enables us to accelerate our mission
of delivering the world’s first space-based cellular broadband
network," said Abel Avellan, Founder, Chairman, and CEO of AST
SpaceMobile. “With nearly $1 billion in cash on our balance sheet,
we are now equipped to fast-track the production and launch of our
revolutionary network.”
Scott Wisniewski, AST SpaceMobile President, added “The
convertible offering was structured with an attractive 4.25%
interest rate, significantly lower than previous debt funding, a
seven-year maturity and an effective conversion price of $44.98 per
share designed to minimize shareholder impact.”
As part of the transaction, AST SpaceMobile purchased a capped
call hedge to increase the effective conversion premium to 100% of
AST SpaceMobile’s share price on January 22, 2025. As a result of
the related capped call transactions, dilution or cash obligations
upon a conversion of the notes should be mitigated by the increase
in the effective conversion price of the notes to $44.98 per share
of AST SpaceMobile’s Class A common stock, which represents a
premium of 100% over the last reported sale price of the AST
SpaceMobile’s Class A common stock of $22.49 per share on January
22, 2025. As a result, the effective dilution to existing
shareholders would be approximately 3% at the effective conversion
price.
AST SpaceMobile has the optionality to settle any conversions in
cash, shares of its Class A common stock, or a combination of cash
and shares to further influence potential dilution or cash
obligations upon any future conversion of the notes.
About AST SpaceMobile
AST SpaceMobile is building the first and only global cellular
broadband network in space to operate directly with standard,
unmodified mobile devices based on our extensive IP and patent
portfolio, and designed for both commercial and government
applications. Our engineers and space scientists are on a mission
to eliminate the connectivity gaps faced by today’s five billion
mobile subscribers and finally bring broadband to the billions who
remain unconnected. For more information, follow AST SpaceMobile on
YouTube, X (Formerly Twitter), LinkedIn and Facebook.
Forward-Looking Statements
This communication contains “forward-looking statements” that
are not historical facts, including statements regarding AST
SpaceMobile’s plans for growth, the potential dilution or cash
obligations relating to the conversion of the notes, the use of the
net proceeds from the sale of the notes, and the future settlement
of the conversion of the notes. These forward-looking statements
can be identified by the use of forward-looking terminology,
including the words “believes,” “estimates,” “anticipates,”
“expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,”
“projects,” “predicts,” “continue,” or “should,” or, in each case,
their negative or other variations or comparable terminology. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results.
AST SpaceMobile cautions that the foregoing list of factors is
not exclusive. AST SpaceMobile cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. For information identifying important factors
that could cause actual results to differ materially from those
anticipated in the forward-looking statements, please refer to the
Risk Factors in AST SpaceMobile’s Form 10-Q filed with the SEC on
November 14, 2024, and Form 10-K filed with the SEC on April 1,
2024. AST SpaceMobile’s securities filings can be accessed on the
EDGAR section of the SEC’s website at www.sec.gov. Except as
expressly required by applicable securities law, AST SpaceMobile
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250127738172/en/
Investor Contact: Scott Wisniewski
investors@ast-science.com Media Contacts: Allison Eva Murphy
Ryan 917-547-7289 AstSpaceMobile@allisonpr.com
AST SpaceMobile (NASDAQ:ASTS)
過去 株価チャート
から 1 2025 まで 2 2025
AST SpaceMobile (NASDAQ:ASTS)
過去 株価チャート
から 2 2024 まで 2 2025