AST SpaceMobile (NASDAQ: ASTS) is building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications. Earlier this year, the company closed $460.0 million in aggregate principal of convertible senior notes due 2032 (the “notes”), including the full exercise of the option granted for the purchase of up to $60.0 million in aggregate principal of the notes. 

“This successful financing enables us to accelerate our mission of delivering the world’s first space-based cellular broadband network,” said Abel Avellan, founder, chairman and CEO of AST SpaceMobile. “With nearly $1 billion in cash on our balance sheet, we are now equipped to fast-track the production and launch of our revolutionary network.” 

For more information, visit https://ibn.fm/ktGPd 

About AST SpaceMobile Inc. 

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 and designed for both commercial and government applications. AST engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today’s five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, visit ASTScience.com. 

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer

TechMediaWire
Austin, Texas
www.TechMediaWire.com
512.354.7000 Office
Editor@TechMediaWire.com

TechMediaWire is powered by IBN

This press release is distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is TechMediaBreaks – AST SpaceMobile Inc. (NASDAQ: ASTS) Positioned to Fast-Track Cutting-Edge Network.