AST SpaceMobile, Inc. (NASDAQ: ASTS), a company building the first global cellular broadband network in space, announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036. The offering, made to qualified institutional buyers under Rule 144A of the Securities Act of 1933, includes an initial conversion price of approximately $116.30 per share, representing a roughly 20% premium to the company's Feb. 11, 2026 closing price. The offering is expected to close on Feb. 17, 2026, subject to customary conditions.
AST SpaceMobile also granted initial purchasers an option to buy up to an additional $150 million of notes. Proceeds from the offering are expected to support global spectrum deployment, technology commercialization including artificial intelligence opportunities, government space initiatives, debt reduction, and other general corporate purposes. This significant capital raise underscores the company's commitment to advancing its space-based cellular network, which aims to provide 4G and 5G connectivity directly to standard, unmodified mobile devices worldwide.
The company holds an extensive IP and patent portfolio and is targeting both commercial and government applications. With nearly 6 billion mobile subscribers globally, the demand for ubiquitous connectivity is immense. The offering positions AST SpaceMobile to accelerate its mission and capture market opportunities in the growing space communications sector.
For more details, visit the full press release at https://ibn.fm/4WSR2.
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 its extensive IP and patent portfolio, designed for both commercial and government applications. For more information, visit https://ast-science.com/.
