2022-11-30 | NDAQ:ASTS | Press Launch

2022-11-30 | NDAQ:ASTS | Press Launch

AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Firm” or “AST SpaceMobile”) introduced at present the pricing of its beforehand introduced public providing of its Class A standard inventory, par worth $0.0001 per share (the “Class A Frequent Inventory”). The Firm has agreed to promote 13,636,364 shares of Class A Frequent Inventory at a value to the general public of $5.50 per share. The Firm has granted the underwriter a 30-day choice to buy as much as a further 2,045,454 shares of Class A Frequent Inventory on the public providing value, much less the underwriting reductions and commissions, solely to cowl over-allotments, if any. The gross proceeds to the Firm from the providing, earlier than deducting underwriting reductions, commissions and different providing bills, will likely be roughly $75.0 million ($86.25 million if the underwriter workout routines its choice to buy extra shares in full). The Firm intends to make use of the web proceeds of the providing for basic company functions.

The providing is anticipated to shut on December 2, 2022, topic to the satisfaction of customary closing circumstances.

B. Riley Securities is performing as sole book-running supervisor and underwriter for the providing.

The Firm has filed a shelf registration assertion (together with a prospectus) on Type S-3 with the U.S. Securities and Trade Fee (the “SEC”) for the providing to which this communication relates. The registration assertion was declared efficient on November 10, 2022. Earlier than you make investments, you need to learn the bottom prospectus in that registration assertion, the accompanying prospectus complement and different paperwork the Firm has filed with the SEC for extra full details about the Firm and this providing. It’s possible you’ll get hold of these paperwork totally free by visiting EDGAR on the SEC’s web site at www.sec.gov. Alternatively, copies of the prospectus complement and accompanying base prospectus referring to the providing, when obtainable, could also be obtained from B. Riley Securities, Inc., 1300 17th Road North, Suite 1300, Arlington, VA 22209, by phone at 1-703-312-9580 or by e-mail at [email protected]

This press launch shall not represent a suggestion to promote or the solicitation of any provide to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such provide, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.

Ahead&sprint;Wanting Statements

This communication incorporates “forward-looking statements” that aren’t historic information, and contain dangers and uncertainties that might trigger precise outcomes of AST SpaceMobile to vary materially from these anticipated and projected, together with the closing of this providing. These forward-looking statements may be recognized by way of forward-looking terminology, together with the phrases “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “could,” “will,” “would,” “potential,” “initiatives,” “predicts,” “proceed,” or “ought to,” or, in every case, their unfavourable or different variations or comparable terminology.

These forward-looking statements contain important dangers and uncertainties that might trigger the precise outcomes to vary materially from the anticipated outcomes. Most of those elements are outdoors AST SpaceMobile’s management and are troublesome to foretell. Components that will trigger such variations embrace, however usually are not restricted to: (i) expectations relating to AST SpaceMobile’s methods and future monetary efficiency, together with AST’s future enterprise plans or goals, anticipated performance of the SpaceMobile Service, anticipated timing and stage of deployment of satellites, anticipated demand and acceptance of cell satellite tv for pc companies, potential efficiency and industrial alternatives and rivals, the timing of acquiring regulatory approvals, capability to finance its analysis and growth actions, industrial partnership acquisition and retention, services, pricing, advertising plans, working bills, market developments, revenues, liquidity, money flows and makes use of of money, capital expenditures, and AST’s capability to spend money on development initiatives; (ii) the negotiation of definitive agreements with cell community operators referring to the SpaceMobile service that might supersede preliminary agreements and memoranda of understanding; (iii) the flexibility of AST SpaceMobile to develop and handle development profitably and retain its key staff and AST SpaceMobile’s responses to actions of its rivals and its capability to successfully compete; (iv) modifications in relevant legal guidelines or laws; (v) the chance that AST SpaceMobile could also be adversely affected by different financial, enterprise, and/or aggressive elements; (vi) the result of any authorized proceedings which may be instituted in opposition to AST SpaceMobile; and (vii) different dangers and uncertainties indicated within the Firm’s filings with the SEC, together with these within the Danger Components part of AST SpaceMobile’s Type 10-Ok filed with the SEC on March 31, 2022.

AST SpaceMobile cautions that the foregoing record of things is just not unique. AST SpaceMobile cautions readers to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. For data figuring out essential elements that might trigger precise outcomes to vary materially from these anticipated within the forward-looking statements, please consult with the Danger Components part of AST SpaceMobile’s Type 10-Ok filed with the SEC on March 31, 2022. AST SpaceMobile’s securities filings may be accessed on the EDGAR part of the SEC’s web site at www.sec.gov. Besides as expressly required by relevant securities regulation, AST SpaceMobile disclaims any intention or obligation to replace or revise any forward-looking statements whether or not on account of new data, future occasions or in any other case.

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