NetworkNewsBreaks – AST SpaceMobile Inc. (NASDAQ: ASTS) Positioned to Fast-Track Cutting-Edge Network
AST SpaceMobile (NASDAQ: ASTS) is building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications. Earlier this year, the company closed $460.0 million in aggregate principal of convertible senior notes due 2032 (the “notes”), including the full exercise of the option granted for the purchase of up to $60.0 million in aggregate principal of the notes. “This successful financing enables us to accelerate our mission of delivering the world’s first space-based cellular broadband network,” said Abel Avellan, founder, chairman and CEO of AST SpaceMobile. “With nearly $1 billion in…