13 Best Booming Stocks to Buy Now

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8. AST SpaceMobile, Inc. (NASDAQ:ASTS)

YTD Returns: 96.40%

AST SpaceMobile, Inc. (NASDAQ:ASTS) is among the 13 Best Booming Stocks to Buy Now. On July 3, the company announced it had secured an additional $100 million equipment financing facility led by Triniti, intended to aid ASTS’s network deployment and manufacturing goals in 2025 and 2026.

Andrew Johnson, Chief Financial Officer of AST SpaceMobile, Inc. (NASDAQ:ASTS) stated the following on the development:

“This new non-dilutive financing enables AST SpaceMobile to continue its strong momentum executing against its accelerated operational plans. This facility is the first such type of financing agreement for the company and reflects our stage of rapid growth and transition from Research & Development to full-scale manufacturing and network deployment.”

The non-diluting facility provides the company with further long-term liquidity available through 2031, including the $25 million drawn at closing against equipment purchased in the past.

The facility will use planned and existing equipment as collateral. Moreover, it is designed to fit into a long-term, mature capital structure to facilitate AST SpaceMobile, Inc. (NASDAQ:ASTS)’s future debt capital, continued growth, and enable flexibility.

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