PRESS RELEASE EXHIBIT 99.1 AST SpaceMobile Provides Business Update and First Quarter 2024 Results MIDLAND, TX, May 15, 2024 – AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the three months ended March 31, 2024. “I am grateful for our global team's unwavering dedication and ha ...