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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| AST SpaceMobile Inc | NASDAQ:ASTS | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.12% | 24.17 | 24.07 | 24.17 | 24.72 | 23.37 | 23.99 | 6,095,368 | 00:59:48 |
From Nov 2023 to Nov 2024
By Will Feuer
AST SpaceMobile, a startup building a space-based cellular network, said it has received a $155 million investment from AT&T, Google and existing investor Vodafone.
The company had previously said it was closing in on a strategic investment.
AST SpaceMobile said it also plans to draw up to $51.5 million from the company's existing senior-secured credit facility, giving it total new financing of $206.5 million.
AT&T has for years worked with AST SpaceMobile in a bid to develop so-called direct-to-device capabilities, whereby satellites beam service directly to unmodified cellphones. SpaceX is working on a similar project with T-Mobiles. Others, including Apple with Globalstar, are also pursuing similar plans.
AT&T's decision to take a stake in AST SpaceMobile deepens the two companies' ties. The move also provides a potential lifeline to an important AT&T partner.
AST said the investment is a mix of equity-linked capital and non-dilutive commercial payments.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 18, 2024 16:45 ET (21:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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