AST SpaceMobile Shares Drop After $1 Billion Convertible-Note Offering

Shares of AST SpaceMobile (NASDAQ:ASTS) fell more than 17% after the company priced a $1 billion convertible senior note offering. The notes have a conversion price that is 20% above Wednesday's closing share price and mature in February 2034.

By Daniel Sparks · Motley Fool · July 17, 2026, 05:47 UTC

AST SpaceMobile Shares Drop After $1 Billion Convertible-Note Offering

Tickers: $ASTS

Topics: capital_raising convertible_notes stock_price_impact

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