AST SpaceMobile, Inc. (NASDAQ: ASTS) 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 strategy to accelerate the development and deployment of its space-based cellular broadband network.
The company is building the first and only global cellular broadband network in space, designed to operate directly with standard, unmodified mobile devices. Based on its extensive IP and patent portfolio, the network aims to provide 4G and 5G connectivity for both commercial and government applications. With nearly 6 billion mobile subscribers worldwide, the potential market is vast. This funding round positions AST SpaceMobile to advance its mission and compete in the rapidly evolving satellite communications sector.
For more details on the offering, visit the full press release at https://ibn.fm/4WSR2. Information about AST SpaceMobile and its technology is available at https://ast-science.com/.
MissionIR, a specialized communications platform, assisted in syndicating this content. It is part of the Dynamic Brand Portfolio @IBN that provides access to a network of wire solutions, article syndication, press release enhancement, social media distribution, and corporate communications services. For more on MissionIR, visit https://www.MissionIR.com. Disclaimers and terms of use are available at https://www.MissionIR.com/Disclaimer.
