AST SpaceMobile priced its private offering of $1.0 billion in convertible senior notes due 2034. The notes carry an interest rate of 1.625%. The initial conversion price is set at approximately $79.57 per share. This represents a 20% premium over the stock's closing price on July 15, 2026. The offering is scheduled to close on July 20, 2026.
Net proceeds are estimated at $983.6 million. This total could reach $1.13 billion if purchasers exercise their option for an additional $150 million in notes.
AST SpaceMobile will use $96.9 million of the proceeds for capped call transactions to reduce potential stock dilution. The company allocated the remaining funds for growth initiatives and securing additional access to orbit. Capital will also support general corporate purposes.