AST SpaceMobile Inc.
(NASDAQ:ASTS) stock jumped 11% Tuesday after the company completed a $1.15 billion private offering of convertible senior notes.
The deal strengthens the company's balance sheet and provides additional funding for its satellite broadband network.
The financing boosts AST SpaceMobile's pro forma cash, cash equivalents and restricted cash to more than $3.8 billion as of June 30, 2026.
AST SpaceMobile Strengthens Balance Sheet The company closed its previously announced $1.0 billion offering of 1.625% convertible senior notes due 2034.
