AST SpaceMobile (ASTS) announced its intent to offer, subject to market conditions and other factors, $850M aggregate principal amount of convertible senior notes due 2036 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASTS:
- BNP Paribas Trims Verizon Stock (VZ) Price Target over Dull Outlook on Leadership Shakeup
- AST SpaceMobile’s Stock Tumbles Amid Downgrades
- Mixed options sentiment in AST SpaceMobile with shares down 6.79%
- Midday Fly By: Apple new F1 broadcast partner, CSX reports Q3 beat
- AST SpaceMobile down 5% after Barclays cuts to sell on valuation