AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The notes carry 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 broadband network.
For more details, the full press release is available at https://ibn.fm/4WSR2.
AST SpaceMobile is building the first and only global cellular broadband network in space, designed to operate directly with standard, unmodified mobile devices. The network is based on the company's extensive IP and patent portfolio and is intended for both commercial and government applications. The company's mission is to enable 4G and 5G space-based cellular broadband to every device, everywhere, serving the nearly 6 billion mobile subscribers globally.
The offering represents a strategic move to secure long-term funding for the company's ambitious plans. By raising capital through convertible notes, AST SpaceMobile can avoid immediate dilution of its equity while providing investors with the potential for conversion into common stock at a premium. The additional $150 million option could further bolster the company's financial flexibility.
This announcement comes as AST SpaceMobile continues to progress toward its goal of deploying a global cellular broadband network. The funds will be crucial for scaling operations, enhancing technology, and pursuing opportunities in artificial intelligence and government contracts. The company's focus on both commercial and government applications positions it in a growing market for satellite-based communications.
For more information about AST SpaceMobile, visit https://ast-science.com/.
