AST SpaceMobile announced the launch of a public offering of $100M of its Class A common stock. The company intends to use the net proceeds of the offering for general corporate purposes. UBS Investment Bank and Barclays are acting as joint book-running managers for the offering. Deutsche Bank Securities, B. Riley Securities and Scotiabank are also acting as joint book-runners for the offering.
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- AST SpaceMobile price target lowered to $23 from $32 at Deutsche Bank
