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[8-K] AST SpaceMobile, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

AST SpaceMobile (ASTS) disclosed an agreement to acquire 100% of EllioSat Ltd., holder of key ITU-priority S-Band MSS rights (1980-2010 MHz / 2170-2200 MHz) for low-Earth-orbit use. The deal price totals up to $64.5 million: $26 million at closing, $10 million on each of the 2nd and 3rd anniversaries, plus earn-outs of $16.65 million upon successful launch & in-service of an L/S satellite and $1.85 million after 90 days of continuous operation. ASTS may settle each payment in cash, Class A shares (valued at a 30-day VWAP), or a mix, and has granted the seller related registration rights.

The transaction is expected to close in 2H-25, subject to customary conditions and a drop-dead date of 30 Nov 2025 (extendable). Management issued a concurrent press release (Ex. 99.1) but provided no updated financial guidance. The spectrum adds global mid-band capacity critical to the planned SpaceMobile service and Block 2 BlueBird satellites, potentially improving service quality, regulatory moat and negotiating leverage with mobile network operators. Investors should monitor closing progress, funding choices and satellite launch timelines, as the earn-outs are tied to technical milestones.

AST SpaceMobile (ASTS) ha annunciato un accordo per acquisire il 100% di EllioSat Ltd., titolare di diritti ITU prioritari sulla banda S MSS (1980-2010 MHz / 2170-2200 MHz) per l'uso in orbita terrestre bassa. Il prezzo dell’accordo ammonta a 64,5 milioni di dollari: 26 milioni alla chiusura, 10 milioni ciascuno al secondo e terzo anniversario, più earn-out di 16,65 milioni al successo del lancio e messa in servizio di un satellite L/S e 1,85 milioni dopo 90 giorni di operatività continua. ASTS potrà pagare in contanti, azioni di Classe A (valutate in base al VWAP a 30 giorni) o una combinazione, concedendo inoltre al venditore diritti di registrazione correlati.

La transazione dovrebbe concludersi nella seconda metà del 2025, subordinata a condizioni consuete e a una data limite del 30 novembre 2025 (prorogabile). Il management ha rilasciato un comunicato stampa parallelo (Ex. 99.1) senza aggiornare le previsioni finanziarie. Lo spettro aggiunge capacità globale nella banda media, fondamentale per il servizio SpaceMobile pianificato e per i satelliti Block 2 BlueBird, migliorando potenzialmente qualità del servizio, protezione regolatoria e potere negoziale con gli operatori mobili. Gli investitori dovrebbero seguire l’evoluzione della chiusura, le modalità di finanziamento e i tempi di lancio dei satelliti, dato che gli earn-out dipendono da milestone tecniche.

AST SpaceMobile (ASTS) anunció un acuerdo para adquirir el 100% de EllioSat Ltd., titular de derechos prioritarios ITU en la banda S MSS (1980-2010 MHz / 2170-2200 MHz) para uso en órbita terrestre baja. El precio total del acuerdo es de 64,5 millones de dólares: 26 millones al cierre, 10 millones en cada uno del segundo y tercer aniversario, más earn-outs de 16,65 millones tras el lanzamiento exitoso y puesta en servicio de un satélite L/S y 1,85 millones después de 90 días de operación continua. ASTS puede pagar en efectivo, acciones Clase A (valoradas al VWAP de 30 días) o una combinación, y ha otorgado al vendedor derechos de registro relacionados.

Se espera que la transacción se cierre en la segunda mitad de 2025, sujeta a condiciones habituales y una fecha límite del 30 de noviembre de 2025 (prorrogable). La dirección emitió un comunicado simultáneo (Ex. 99.1) sin actualizar la guía financiera. El espectro añade capacidad global en banda media, crucial para el servicio SpaceMobile planeado y los satélites Block 2 BlueBird, mejorando potencialmente la calidad del servicio, la protección regulatoria y el poder de negociación con operadores móviles. Los inversores deben seguir el progreso del cierre, las opciones de financiación y los plazos de lanzamiento, ya que los earn-outs están vinculados a hitos técnicos.

AST SpaceMobile(ASTS)ëŠ� 저지구궤ë„ìš© 주요 ITU ìš°ì„ ê¶� S-밴드 MSS 권리(1980-2010 MHz / 2170-2200 MHz)ë¥� 보유í•� EllioSat Ltd.ì� 100% ì¸ìˆ˜ë¥� 위한 계약ì� 공개했습니다. 거래 ì´ì•¡ì€ 6450ë§� 달러ë¡�, 계약 ì²´ê²° ì‹� 2600ë§� 달러, 2주년 ë°� 3주년ì—� ê°ê° 1000ë§� 달러, L/S 위성ì� 성공ì ì¸ 발사 ë°� 서비ìŠ� 개시ì—� 따른 1665ë§� 달러, ì—°ì† 90ì� ìš´ì˜ í›� 185ë§� 달러ì� ì„±ê³¼ê¸ˆì´ í¬í•¨ë©ë‹ˆë‹�. ASTSëŠ� 현금, í´ëž˜ìŠ� A 주ì‹(30ì� VWAP 기준 ê°€ì¹�) ë˜ëŠ” 혼합 형태ë¡� 지급할 ìˆ� 있으ë©�, íŒë§¤ìžì—ê²� ê´€ë � ë“±ë¡ ê¶Œë¦¬ë¥� 부여했습니ë‹�.

거래ëŠ� 통ìƒì ì¸ ì¡°ê±´ê³� 2025ë…� 11ì›� 30ì�(연장 ê°€ëŠ�) ë§ˆê° ê¸°í•œì� 조건으로 2025ë…� í•˜ë°˜ê¸°ì— ì™„ë£Œë� 예정입니ë‹�. ê²½ì˜ì§„ì€ ë™ì‹œ ë³´ë„ìžë£Œ(Ex. 99.1)ë¥� 발표했으ë‚� 재무 ê°€ì´ë˜ìŠ¤ëŠ” ì—…ë°ì´íŠ¸í•˜ì§€ 않았습니ë‹�. ì� ìŠ¤íŽ™íŠ¸ëŸ¼ì€ ê³„íšë� SpaceMobile 서비ìŠ� ë°� ë¸”ë¡ 2 BlueBird 위성ì—� 중요í•� 글로벌 중대ì—� 용량ì� 추가하여 서비ìŠ� 품질, 규제 장벽 ë°� ì´ë™í†µì‹  사업ìžì™€ì� 협ìƒë ¥ì„ í–¥ìƒì‹œí‚¬ ìˆ� 있습니다. 투ìžìžë“¤ì€ ë§ˆê° ì§„í–‰ ìƒí™©, ìžê¸ˆ 조달 ì„ íƒ ë°� 위성 발사 ì¼ì •ì—� 주목해야 하며, ì„±ê³¼ê¸ˆì€ ê¸°ìˆ ì � ì´ì •í‘œì— ì—°ë™ë˜ì–´ 있습니다.

AST SpaceMobile (ASTS) a annoncé un accord visant à acquérir 100 % d’EllioSat Ltd., détenteur de droits prioritaires ITU clés sur la bande S MSS (1980-2010 MHz / 2170-2200 MHz) pour une utilisation en orbite terrestre basse. Le montant total de la transaction s’élève à 64,5 millions de dollars : 26 millions à la clôture, 10 millions aux 2e et 3e anniversaires, ainsi que des earn-outs de 16,65 millions après le lancement réussi et la mise en service d’un satellite L/S, et 1,85 million après 90 jours d’exploitation continue. ASTS peut régler chaque paiement en espèces, en actions de classe A (valorisées au VWAP sur 30 jours) ou en combinaison, et a accordé au vendeur des droits d’enregistrement associés.

La transaction devrait se conclure au second semestre 2025, sous réserve des conditions habituelles et d’une date butoir au 30 novembre 2025 (prolongeable). La direction a publié un communiqué simultané (Ex. 99.1) sans mise à jour des prévisions financières. Le spectre ajoute une capacité mondiale en bande moyenne, essentielle pour le service SpaceMobile prévu et les satellites Block 2 BlueBird, améliorant potentiellement la qualité du service, la protection réglementaire et le pouvoir de négociation avec les opérateurs mobiles. Les investisseurs doivent suivre l’avancement de la clôture, les choix de financement et les calendriers de lancement des satellites, car les earn-outs sont liés à des jalons techniques.

AST SpaceMobile (ASTS) gab eine Vereinbarung zur vollständigen Übernahme von EllioSat Ltd. bekannt, Inhaber wichtiger ITU-Prioritätsrechte im S-Band MSS (1980-2010 MHz / 2170-2200 MHz) für den Einsatz im erdnahen Orbit. Der Kaufpreis beträgt insgesamt 64,5 Millionen US-Dollar: 26 Millionen bei Vertragsabschluss, jeweils 10 Millionen an den 2. und 3. Jahrestagen, sowie Earn-outs von 16,65 Millionen bei erfolgreichem Start und Inbetriebnahme eines L/S-Satelliten und 1,85 Millionen nach 90 Tagen durchgehenden Betriebs. ASTS kann jede Zahlung in bar, Class A-Aktien (bewertet zum 30-Tage VWAP) oder einer Mischung davon leisten und hat dem Verkäufer entsprechende Registrierungsrechte eingeräumt.

Der Abschluss der Transaktion wird für das zweite Halbjahr 2025 erwartet, vorbehaltlich üblicher Bedingungen und einer Stichtagsfrist zum 30. November 2025 (verlängerbar). Das Management veröffentlichte eine gleichzeitige Pressemitteilung (Ex. 99.1), gab jedoch keine aktualisierte Finanzprognose heraus. Das Spektrum erweitert die globale Mittelbandkapazität, die für den geplanten SpaceMobile-Dienst und die Block 2 BlueBird-Satelliten entscheidend ist, und könnte die Servicequalität, die regulatorische Schutzwirkung und die Verhandlungsmacht gegenüber Mobilfunkbetreibern verbessern. Investoren sollten den Fortschritt des Abschlusses, die Finanzierungsoptionen und die Satellitenstarttermine beobachten, da die Earn-outs an technische Meilensteine gebunden sind.

Positive
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Negative
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Insights

TL;DR: Acquisition secures scarce S-Band spectrum, boosting ASTS network economics; moderate cash need, execution risk remains.

The ITU S-Band rights cover globally harmonised MSS downlink/uplink channels, attractive for mobile broadband because of favourable propagation and handset compatibility. Comparable spectrum transactions have commanded meaningful premiums, so a maximum outlay of $64.5 million appears reasonable relative to ASTS’s $750-800 million market cap. By allowing equity settlement, management preserves liquidity for BlueBird Block 2 CAPEX. However, value only materialises if launches occur on schedule and regulators honour the priority filings. Satellite manufacturing, launch delays or ITU coordination disputes could defer the $18.5 million earn-outs and impair service rollout.

TL;DR: Deal is modestly accretive to strategic assets; financial impact immaterial near-term, but positive for long-term valuation.

From a capital-markets lens, the upfront $26 million equals ~4% of 2024 year-end cash, a manageable hit. Optional share issuance gives flexibility, though dilution risk rises if equity price weakens. No immediate revenue or EBITDA uplift is expected; thus, the story remains execution-driven. Closing delays beyond 30 Nov 2025 could terminate the agreement, resetting timelines. Overall impact: positive yet not transformational, keeping ASTS a high-beta, catalyst-dependent stock.

AST SpaceMobile (ASTS) ha annunciato un accordo per acquisire il 100% di EllioSat Ltd., titolare di diritti ITU prioritari sulla banda S MSS (1980-2010 MHz / 2170-2200 MHz) per l'uso in orbita terrestre bassa. Il prezzo dell’accordo ammonta a 64,5 milioni di dollari: 26 milioni alla chiusura, 10 milioni ciascuno al secondo e terzo anniversario, più earn-out di 16,65 milioni al successo del lancio e messa in servizio di un satellite L/S e 1,85 milioni dopo 90 giorni di operatività continua. ASTS potrà pagare in contanti, azioni di Classe A (valutate in base al VWAP a 30 giorni) o una combinazione, concedendo inoltre al venditore diritti di registrazione correlati.

La transazione dovrebbe concludersi nella seconda metà del 2025, subordinata a condizioni consuete e a una data limite del 30 novembre 2025 (prorogabile). Il management ha rilasciato un comunicato stampa parallelo (Ex. 99.1) senza aggiornare le previsioni finanziarie. Lo spettro aggiunge capacità globale nella banda media, fondamentale per il servizio SpaceMobile pianificato e per i satelliti Block 2 BlueBird, migliorando potenzialmente qualità del servizio, protezione regolatoria e potere negoziale con gli operatori mobili. Gli investitori dovrebbero seguire l’evoluzione della chiusura, le modalità di finanziamento e i tempi di lancio dei satelliti, dato che gli earn-out dipendono da milestone tecniche.

AST SpaceMobile (ASTS) anunció un acuerdo para adquirir el 100% de EllioSat Ltd., titular de derechos prioritarios ITU en la banda S MSS (1980-2010 MHz / 2170-2200 MHz) para uso en órbita terrestre baja. El precio total del acuerdo es de 64,5 millones de dólares: 26 millones al cierre, 10 millones en cada uno del segundo y tercer aniversario, más earn-outs de 16,65 millones tras el lanzamiento exitoso y puesta en servicio de un satélite L/S y 1,85 millones después de 90 días de operación continua. ASTS puede pagar en efectivo, acciones Clase A (valoradas al VWAP de 30 días) o una combinación, y ha otorgado al vendedor derechos de registro relacionados.

Se espera que la transacción se cierre en la segunda mitad de 2025, sujeta a condiciones habituales y una fecha límite del 30 de noviembre de 2025 (prorrogable). La dirección emitió un comunicado simultáneo (Ex. 99.1) sin actualizar la guía financiera. El espectro añade capacidad global en banda media, crucial para el servicio SpaceMobile planeado y los satélites Block 2 BlueBird, mejorando potencialmente la calidad del servicio, la protección regulatoria y el poder de negociación con operadores móviles. Los inversores deben seguir el progreso del cierre, las opciones de financiación y los plazos de lanzamiento, ya que los earn-outs están vinculados a hitos técnicos.

AST SpaceMobile(ASTS)ëŠ� 저지구궤ë„ìš© 주요 ITU ìš°ì„ ê¶� S-밴드 MSS 권리(1980-2010 MHz / 2170-2200 MHz)ë¥� 보유í•� EllioSat Ltd.ì� 100% ì¸ìˆ˜ë¥� 위한 계약ì� 공개했습니다. 거래 ì´ì•¡ì€ 6450ë§� 달러ë¡�, 계약 ì²´ê²° ì‹� 2600ë§� 달러, 2주년 ë°� 3주년ì—� ê°ê° 1000ë§� 달러, L/S 위성ì� 성공ì ì¸ 발사 ë°� 서비ìŠ� 개시ì—� 따른 1665ë§� 달러, ì—°ì† 90ì� ìš´ì˜ í›� 185ë§� 달러ì� ì„±ê³¼ê¸ˆì´ í¬í•¨ë©ë‹ˆë‹�. ASTSëŠ� 현금, í´ëž˜ìŠ� A 주ì‹(30ì� VWAP 기준 ê°€ì¹�) ë˜ëŠ” 혼합 형태ë¡� 지급할 ìˆ� 있으ë©�, íŒë§¤ìžì—ê²� ê´€ë � ë“±ë¡ ê¶Œë¦¬ë¥� 부여했습니ë‹�.

거래ëŠ� 통ìƒì ì¸ ì¡°ê±´ê³� 2025ë…� 11ì›� 30ì�(연장 ê°€ëŠ�) ë§ˆê° ê¸°í•œì� 조건으로 2025ë…� í•˜ë°˜ê¸°ì— ì™„ë£Œë� 예정입니ë‹�. ê²½ì˜ì§„ì€ ë™ì‹œ ë³´ë„ìžë£Œ(Ex. 99.1)ë¥� 발표했으ë‚� 재무 ê°€ì´ë˜ìŠ¤ëŠ” ì—…ë°ì´íŠ¸í•˜ì§€ 않았습니ë‹�. ì� ìŠ¤íŽ™íŠ¸ëŸ¼ì€ ê³„íšë� SpaceMobile 서비ìŠ� ë°� ë¸”ë¡ 2 BlueBird 위성ì—� 중요í•� 글로벌 중대ì—� 용량ì� 추가하여 서비ìŠ� 품질, 규제 장벽 ë°� ì´ë™í†µì‹  사업ìžì™€ì� 협ìƒë ¥ì„ í–¥ìƒì‹œí‚¬ ìˆ� 있습니다. 투ìžìžë“¤ì€ ë§ˆê° ì§„í–‰ ìƒí™©, ìžê¸ˆ 조달 ì„ íƒ ë°� 위성 발사 ì¼ì •ì—� 주목해야 하며, ì„±ê³¼ê¸ˆì€ ê¸°ìˆ ì � ì´ì •í‘œì— ì—°ë™ë˜ì–´ 있습니다.

AST SpaceMobile (ASTS) a annoncé un accord visant à acquérir 100 % d’EllioSat Ltd., détenteur de droits prioritaires ITU clés sur la bande S MSS (1980-2010 MHz / 2170-2200 MHz) pour une utilisation en orbite terrestre basse. Le montant total de la transaction s’élève à 64,5 millions de dollars : 26 millions à la clôture, 10 millions aux 2e et 3e anniversaires, ainsi que des earn-outs de 16,65 millions après le lancement réussi et la mise en service d’un satellite L/S, et 1,85 million après 90 jours d’exploitation continue. ASTS peut régler chaque paiement en espèces, en actions de classe A (valorisées au VWAP sur 30 jours) ou en combinaison, et a accordé au vendeur des droits d’enregistrement associés.

La transaction devrait se conclure au second semestre 2025, sous réserve des conditions habituelles et d’une date butoir au 30 novembre 2025 (prolongeable). La direction a publié un communiqué simultané (Ex. 99.1) sans mise à jour des prévisions financières. Le spectre ajoute une capacité mondiale en bande moyenne, essentielle pour le service SpaceMobile prévu et les satellites Block 2 BlueBird, améliorant potentiellement la qualité du service, la protection réglementaire et le pouvoir de négociation avec les opérateurs mobiles. Les investisseurs doivent suivre l’avancement de la clôture, les choix de financement et les calendriers de lancement des satellites, car les earn-outs sont liés à des jalons techniques.

AST SpaceMobile (ASTS) gab eine Vereinbarung zur vollständigen Übernahme von EllioSat Ltd. bekannt, Inhaber wichtiger ITU-Prioritätsrechte im S-Band MSS (1980-2010 MHz / 2170-2200 MHz) für den Einsatz im erdnahen Orbit. Der Kaufpreis beträgt insgesamt 64,5 Millionen US-Dollar: 26 Millionen bei Vertragsabschluss, jeweils 10 Millionen an den 2. und 3. Jahrestagen, sowie Earn-outs von 16,65 Millionen bei erfolgreichem Start und Inbetriebnahme eines L/S-Satelliten und 1,85 Millionen nach 90 Tagen durchgehenden Betriebs. ASTS kann jede Zahlung in bar, Class A-Aktien (bewertet zum 30-Tage VWAP) oder einer Mischung davon leisten und hat dem Verkäufer entsprechende Registrierungsrechte eingeräumt.

Der Abschluss der Transaktion wird für das zweite Halbjahr 2025 erwartet, vorbehaltlich üblicher Bedingungen und einer Stichtagsfrist zum 30. November 2025 (verlängerbar). Das Management veröffentlichte eine gleichzeitige Pressemitteilung (Ex. 99.1), gab jedoch keine aktualisierte Finanzprognose heraus. Das Spektrum erweitert die globale Mittelbandkapazität, die für den geplanten SpaceMobile-Dienst und die Block 2 BlueBird-Satelliten entscheidend ist, und könnte die Servicequalität, die regulatorische Schutzwirkung und die Verhandlungsmacht gegenüber Mobilfunkbetreibern verbessern. Investoren sollten den Fortschritt des Abschlusses, die Finanzierungsoptionen und die Satellitenstarttermine beobachten, da die Earn-outs an technische Meilensteine gebunden sind.

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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): August 5, 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 7.01 Regulation FD Disclosure.

 

On August 6, 2025, AST SpaceMobile, Inc. (the “Company”) issued a press release announcing that it had entered into an agreement to acquire an entity that holds certain S-Band ITU priority rights to MSS (Mobile Satellite Services) frequencies in the range of 1980-2010 MHz and 2170-2200 MHz, for use in low Earth orbit. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

The information contained in this Item 7.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor will such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

 

Item 8.01 Other Events.

 

On August 5, 2025, the Company and AST & Science, LLC entered into a Share Purchase Agreement (the “Agreement”) with CCUR Holdings, Inc. (“Seller”) and EllioSat Ltd., pursuant to which the Company agreed to purchase from Seller, and the Seller agreed to sell to the Company, 100% of the issued and outstanding equity interests in EllioSat Ltd. for (i) $26 million to be paid at Closing (as defined below), (ii) $10 million to be paid on the second anniversary of Closing, and (iii) $10 million to be paid on the third anniversary of Closing. The Company is also obligated to pay Seller an additional $16.65 million upon the successful launch and effective in-service of a L/S satellite to be manufactured and an additional $1.85 million upon continuous operation of such L/S satellite for a period of at least ninety (90) days. In the Company’s sole discretion, the Company is permitted to pay the consideration under the Agreement in cash, in shares of its Class A common stock (calculated using a trailing 30-day volume-weighted average price as of five business days prior to the applicable date of payment), or a combination thereof. To the extent the Company pays some or all of the consideration in shares of its Class A common stock, the Company has agreed to certain registration rights covering the resale of such shares.

 

EllioSat Ltd. holds certain S-Band ITU priority rights to MSS (Mobile Satellite Services) frequencies in the range of 1980-2010 MHz and 2170-2200 MHz, for use in low Earth orbit.

 

The transaction is expected to close (the “Closing”) during the second half of 2025. The Closing is contingent upon the satisfaction of customary closing conditions set forth in the Agreement. The Agreement also includes customary termination provisions, including if the Closing has not occurred on or before November 30, 2025, which can be extended under certain circumstances.

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains “forward-looking statements” that are not historical facts and involve risks and uncertainties that could cause actual results of the Company to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict.

 

 

 

 

Factors that could cause such differences include, but are not limited to: (i) expectations regarding the Company’s strategies and future financial performance, including the Company’s future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 BlueBird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and the Company’s ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of the Company to grow and manage growth profitably and retain its key employees and the Company’s responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against the Company; (vii) the Company’s ability to complete the acquisition of EllioSat Ltd. described above in a timely manner (or at all) and at the price and upon the terms anticipated and (viii) other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 3, 2025 and Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 filed with the SEC on May 12, 2025.

 

The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 3, 2025, its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025 filed with the SEC on May 12, 2025, and the future reports that the Company may file from time to time with the SEC. The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press release issued on August 6, 2025
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: August 7, 2025 By: /s/ Andrew M. Johnson
    Andrew M. Johnson
    Executive Vice President, Chief Financial Officer and Chief Legal Officer

 

 

 

 

FAQ

What did ASTS announce in its August 2025 Form 8-K?

ASTS agreed to acquire EllioSat Ltd. to obtain S-Band MSS spectrum rights, for up to $64.5 million in staged and contingent payments.

How will ASTS pay for the EllioSat acquisition?

The company may pay each installment in cash, Class A common stock valued at a 30-day VWAP, or a combination of both.

When is the EllioSat deal expected to close?

Management targets 2H-2025 closing, with a termination right if it has not closed by 30 Nov 2025 (subject to extensions).

What additional payments are contingent on satellite milestones?

ASTS will pay $16.65 million after launch & in-service of an L/S satellite and $1.85 million after 90 days of continuous operation.

Why is S-Band spectrum important to ASTS?

S-Band (1980-2010/2170-2200 MHz) offers favorable propagation for mobile devices, supporting the company’s planned direct-to-device broadband service.
Ast Spacemobile Inc

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Communication Equipment
Communications Services, Nec
United States
MIDLAND