AST SpaceMobile Raises $1.15B Through Previously Announced 1.625% Convertible Notes, Boosting Pro Forma Cash, Cash Equivalents And Restricted Cash To Over $3.8B
Strengthens balance sheet with over $3.8 billion in pro forma cash, cash equivalents, and restricted cash as of June 30, 2026Structured efficiently with 1.625% interest rate and $149.20 effective conversion price with
AST SpaceMobile raised $1.15 billion by borrowing money that can turn into company ownership later. This gives them lots of cash to spend on their space internet plans, which shows they're moving forward with their big project.
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