AST SpaceMobile, Inc. (NASDAQ: ASTS) announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036 in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The notes carry an initial conversion price of approximately $116.30 per share, representing a roughly 20% premium to the company’s Feb. 11, 2026 closing price. The offering is expected to close on Feb. 17, 2026, subject to customary conditions.
AST SpaceMobile also granted the initial purchasers an option to buy up to an additional $150 million of notes. Proceeds from the offering are expected to support global spectrum deployment, technology commercialization including artificial intelligence opportunities, government space initiatives, debt reduction, and other general corporate purposes. The move comes as the company continues to build the first and only global cellular broadband network in space designed to operate directly with standard, unmodified mobile devices.
The notes are being offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offering is significant because it provides AST SpaceMobile with substantial capital to advance its satellite infrastructure and expand its commercial and government partnerships. The company’s technology aims to enable 4G and 5G space-based cellular broadband for nearly 6 billion mobile subscribers globally, as well as support government applications.
This capital raise underscores investor confidence in AST SpaceMobile’s business model and its potential to disrupt the telecommunications industry by providing direct-to-device satellite connectivity. The company’s extensive IP and patent portfolio positions it as a leader in the space-based cellular network space. With the additional funds, AST SpaceMobile plans to accelerate its global spectrum deployment and commercialization efforts, including exploring AI opportunities in satellite communications.
The offering also provides liquidity for debt reduction, which could strengthen the company’s balance sheet. The conversion premium of 20% reflects the market’s expectation of future stock price appreciation, aligning investor interests with the company’s long-term growth. As the satellite communications sector gains traction, AST SpaceMobile’s ability to secure such a large financing round highlights the strategic importance of its technology in bridging the digital divide.
For more information, visit the full press release at https://ibn.fm/4WSR2 and the company’s website at https://ast-science.com/.
