AST SpaceMobile set to plunge on discounted $100m stock offer, as Google joins Vodafone as strategic investor
ASTSAST SpaceMobile(ASTS) Proactive Investors·2024-01-19 19:37

AST SpaceMobile Inc (NASDAQ:ASTS) shares are set to plunge more than 22% a day after it raised US206.5 million from investors including Google, AT&T and Vodafone as the space-based broadband group announced a US100 million public share offer. The public offering is priced at US3.10pershare,asizeablediscounttotheUS3.10 per share, a sizeable discount to the US4.16 at which the stock closed trading on Thursday. Vodafone was an existing investor in the company, with AT&T and Google joining as new investors to raise a combined US$155 million, w ...