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AST SpaceMobile Announces Proposed Repurchase of up to $135.0 Million Convertible Senior Notes to be Funded by Concurrent Registered Direct Offering of Class A Common Stock

1. AST SpaceMobile announced a repurchase of 4.25% convertible notes. 2. The company plans to offer shares subject to market conditions.

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FAQ

Why Bullish?

Repurchasing convertible notes indicates strong financial health and confidence, similar to past bullish signals from other companies after similar actions.

How important is it?

The repurchase signals a strategic move towards enhancing shareholder value which can positively impact market sentiment and investor confidence, driving ASTS's price.

Why Short Term?

The immediate impact from repurchase news often reflects in short-term trading, with historical precedence from companies like Tesla seeing sharp price movements post-announcements.

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MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced a cash repurchase (the “Repurchase”) of a portion of its 4.25% convertible senior notes due 2032 (the “Existing Notes”) and its intention to offer, subject to market and other conditions, shares of its Clas.

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