AST SpaceMobile prices USD 1 billion convertible senior notes due 2034 - ASTS News | RalliesAST SpaceMobile prices USD 1 billion convertible senior notes due 2034
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ASTS• AST SpaceMobile prices convertible senior notes offering
- AST SpaceMobile priced a private offering of USD 1 billion 1.625% convertible senior notes due 2034.
- Initial conversion price set at USD 79.57 per share; capped call cap price set at USD 149.20 per share.
- Settlement expected July 20, 2026; initial purchasers hold an option to buy up to an extra USD 150 million of notes.
- Net proceeds estimated at USD 983.6 million; USD 96.9 million earmarked for capped call costs.
- Remaining proceeds targeted for growth initiatives, including securing additional access to orbit.
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