The Zhitong Finance App learned that on Thursday, AST SpaceMobile (ASTS.US) fell more than 13% at the beginning of the session. The stock price is already below its all-time high at the end of May, and is now at $57.09. According to the news, the company revealed plans to raise a large amount of new capital by issuing convertible senior notes, which has raised concerns among existing shareholders about the dilution of shares. The company said it plans to raise $1 billion through private placement of convertible senior notes due February 1, 2034. This offering is affected by market conditions and has not yet been priced or completed. The funds will be used to acquire additional orbital use rights and explore opportunities for partnerships or acquisitions to reduce reliance on third party launch providers.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Thursday, AST SpaceMobile (ASTS.US) fell more than 13% at the beginning of the session. The stock price is already below its all-time high at the end of May, and is now at $57.09. According to the news, the company revealed plans to raise a large amount of new capital by issuing convertible senior notes, which has raised concerns among existing shareholders about the dilution of shares. The company said it plans to raise $1 billion through private placement of convertible senior notes due February 1, 2034. This offering is affected by market conditions and has not yet been priced or completed. The funds will be used to acquire additional orbital use rights and explore opportunities for partnerships or acquisitions to reduce reliance on third party launch providers.
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