AST SpaceMobile prices $1.0B convertible notes at 1.625% to fund growth and orbital access

Filed July 20, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

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  Issued $1.0 billion of 1.625% convertible senior notes due 2034 with conversion price of $79.57/share (20% premium to July 15 close). Net proceeds of $983.6 million after fees.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Proceeds will fund growth initiatives, secure additional orbital access, and potential partnerships or acquisitions to vertically integrate and reduce reliance on third-party launch providers. No specific transactions agreed.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Entered capped call transactions costing $96.9 million with cap price of $149.20/share (125% premium) to reduce dilution from conversions. Up to 15,080,600 shares may be issued upon conversion.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →