AST SpaceMobile (ASTS) Drops 31% On Convertible Raise And Delayed Satellite Timeline
AST SpaceMobile (ASTS) stock has shed 31% since early July, closing at $58 on October 2 after a string of setbacks rattled investor confidence. The steepest single-session decline came on July 16, when shares plunged 17% following the company’s announcement of a $1 billion convertible notes offering the previous day. Convertible notes allow holders to…