AST SpaceMobile (ASTS) Drops on $500-Million New Fundraising Program

We recently published These 10 Stocks Have Collapsed. AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the worst-performing stocks on Friday.

AST SpaceMobile dropped its share prices by 9.53 percent on Friday to close at $54.33 apiece as investors soured on its plans to raise $500 million through convertible senior notes.

In a statement, AST SpaceMobile, Inc. (NASDAQ:ASTS) said that the notes will carry a 2.375 percent yield payable semiannually in arrears on April 15 and October 15 of each year, beginning on April 15, 2026. The notes are set to mature on October 15, 2032, unless earlier converted, redeemed, or repurchased.

Copyright: lexaarts / 123RF Stock Photo

If a conversion is to be exercised, the notes will be converted to the company’s Class A common shares at a price of $72.07 apiece.

The price represents a premium of approximately 20 percent to the last reported sale price of AST SpaceMobile’s Class A common stock on July 24, 2025.

AST SpaceMobile, Inc. (NASDAQ:ASTS) also granted initial buyers of the notes to purchase up to $75 million of notes within 13 days from the start of the offer.

AST SpaceMobile, Inc. (NASDAQ:ASTS) said it plans to use the proceeds for general corporate purposes and pay the cost of the capped call transactions.