AST SpaceMobile, Inc. (NASDAQ: ASTS) announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036. The offering, made to qualified institutional buyers under Rule 144A of the Securities Act of 1933, is expected to close on Feb. 17, 2026, subject to customary conditions. 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. AST SpaceMobile also granted initial purchasers an option to buy up to an additional $150 million of notes.
The company plans to use the net proceeds for global spectrum deployment, technology commercialization including artificial intelligence opportunities, government space initiatives, debt reduction, and other general corporate purposes. This capital raise comes as AST SpaceMobile continues to build what it describes as the first and only global cellular broadband network in space, designed to operate directly with standard, unmodified mobile devices. The network aims to provide 4G and 5G connectivity to nearly 6 billion mobile subscribers worldwide, leveraging the company's extensive IP and patent portfolio.
The announcement is significant as it provides AST SpaceMobile with substantial funding to accelerate its commercial rollout and expand into AI-driven applications, while also addressing its debt obligations. The company’s focus on government space initiatives aligns with increasing interest in satellite-based communications for defense and public sector use. For more details, the full press release is available at https://ibn.fm/4WSR2.
AST SpaceMobile’s mission to enable space-based cellular broadband for every device, everywhere, positions it at the forefront of satellite telecommunications. The successful pricing of this offering, including the potential $150 million over-allotment, reflects investor confidence in the company’s strategy and market potential. As the company deploys its network globally, it aims to bridge connectivity gaps in underserved regions and support emerging technologies like AI. Additional information about AST SpaceMobile can be found at https://ast-science.com/.
