false
0001780312
0001780312
2025-07-31
2025-07-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 31, 2025
AST
SpaceMobile, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-39040 |
|
84-2027232 |
(State
or Other Jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
Midland
International Air & Space Port
2901
Enterprise Lane
Midland,
Texas |
|
79706 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (432) 276-3966
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Class
A common stock, par value $0.0001 per share |
|
ASTS |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
On
July 31, 2025, AST SpaceMobile, Inc. (the “Company”) completed the repurchase of $135.0 million principal amount of its outstanding
4.25% convertible senior notes due 2032 (the “Existing Notes”) in separate, privately negotiated repurchase transactions
with a limited number of holders of the Existing Notes (the “Holders”) for an aggregate repurchase price of approximately
$346.9 million, which included accrued and unpaid interest on the repurchased Existing Notes.
The
repurchase was funded with the net proceeds from the Company’s previously announced registered direct offering of 5,775,635 shares
of its Class A common stock (“Common Stock”) at a price of $60.06 per share (the “Equity Offering”). In connection
with the Equity Offering, the Company entered into separate, privately negotiated share purchase agreements with the Holders.
The
Equity Offering was made pursuant to a preliminary prospectus supplement, dated July 24, 2025, and filed with the Securities and Exchange
Commission (the “SEC”) on July 24, 2025, a pricing term sheet, dated July 24, 2025, and filed with the SEC as a free writing
prospectus on July 25, 2025, a final prospectus supplement, dated July 24, 2025, and filed with the SEC on July 28, 2025, and the base
prospectus, dated September 5, 2024, filed as part of the Company’s automatic shelf registration statement (File No. 333-281939)
that became effective under the Securities Act when filed with the SEC on September 5, 2024.
A
copy of the opinion of Freshfields US LLP relating to the legality of the issuance and sale of the Common Stock is attached hereto as
Exhibit 5.1 to this Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No. |
|
Description |
5.1 |
|
Opinion of Freshfields US LLP |
23.1 |
|
Consent of Freshfields US LLP (included in Exhibit 5.1) |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
|
AST
SPACEMOBILE, INC. |
|
|
Date:July
31, 2025 |
By: |
/s/
Andrew M. Johnson |
|
|
Andrew
M. Johnson |
|
|
Executive
Vice President, Chief Financial Officer and Chief Legal Officer |