AST SpaceMobile shares are facing heavy selling pressure in after-hours Wednesday after the company announced a proposed private offering.

AST SpaceMobile shares are facing heavy selling pressure in after-hours Wednesday after the company announced a proposed private offering.

AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034 (Effective Conversion Price of $149.20 per Share with Capped Call)