AST SpaceMobile closes USD 1.15 billion convertible senior notes offering due 2034
ASTS•Convertible notes offering closes
AST SpaceMobile closed a $1.15 billion offering of 1.625% convertible senior notes due 2034.
The deal includes $1 billion of notes, with an additional $150 million option fully exercised; settlement is set for July 22, 2026.
A capped call hedge lifts the effective conversion price to $149.2 per share, aiming to limit dilution to under 2%.
