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To: Frank Sully who wrote (15814)1/18/2024 10:13:48 PM
From: Sr K   of 15827
 
AST SpaceMobile to Offer $100 Million in Stock After AT&T, Google Deal

Shares turn lower after stock offering

By
Will Feuer
Jan. 18, 2024 5:02 pm ET

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AST Chairman & CEO Abel Avellan and an AST SpaceMobile engineer make test calls in Texas. PHOTO: AST

AST SpaceMobile is launching a public offering of $100 million worth of common stock, minutes after the company said it had received investments from AT&T and Google.

Shares of AST SpaceMobile, which rose more than 20% after the news of the AT&T and Google investments, reversed course after the company launched the offering. The stock recently traded more than 5% lower in after-hours trading after closing regular trade at $4.16.

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