AST SpaceMobile (ASTS) Launches $1 Billion Convertible Notes Offering To Fund Orbital Growth
AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced plans to raise $1.0 billion through a private offering of convertible senior notes maturing in 2034. The Midland, Texas-based company is targeting qualified institutional buyers under Rule 144A of the Securities Act of 1933 for the proposed debt transaction. AST SpaceMobile is also offering initial purchasers an option…