AST SpaceMobile Inc.
(NASDAQ:ASTS) is trending Friday after a rough few days for the stock that began Wednesday, when the company announced the pricing of $1.0 billion in convertible senior notes.
The company also disclosed a delay in the launch of its commercial satellite service.
AST SpaceMobile stock is trading near recent lows.
Where are ASTS shares going? $1B Convertible Notes Priced AST SpaceMobile priced $1.0 billion in aggregate principal amount of 1.625% convertible senior notes due 2034 in a private offering to qualified institutional buyers.
