ASTS Punished Over 1.5% Dilution? Shay Boloor Bought the Dip, Calls Fundraise 'Completely Misunderstood'

While the market crushed AST SpaceMobile Inc.

(NASDAQ:ASTS) over a $1 billion convertible note offering, the actual shareholder equity hit is effectively capped at roughly 1.5%—prompting Future Equities' Strategist Shay Boloor to add to his position on what he calls a severely misjudged market reaction.

A 'Completely Misunderstood' Raise AST SpaceMobile shares tumbled 17.04% on Thursday following the announcement of the private offering of 1.625% convertible senior notes due in 2034.

However, Boloor argues the panic is a "completely misunderstood" reaction to the massive headline figure.

Because the company spent roughly $97 million on capped call transactions—protecting shareholders up to $149.20 per share—the true equity hit is minimal.