AST SpaceMobile Announces $1 Billion Convertible Notes Offering
AST SpaceMobile (NASDAQ: ASTS) announced a private offering for $1 billion in convertible senior notes due in 2034, with an option to purchase up to an additional $150 million. The announcement led to a 13% drop in the company's shares after hours.
Tickers: $ASTS
Topics: capital_raising convertible_notes