AST SpaceMobile Down After Public Offering
November 30 2022 - 08:13AM
TipRanks
Shares of AST SpaceMobile (NASDAQ: ASTS) were down by more than 8%
in pre-market trading on Wednesday after the satellite designer and
manufacturer priced its public offering of 13.64 million Class
A common shares at a price of $5.50 per share. The gross
proceeds from this offering are likely to be around $75 million and
the offering is expected to close on December 2. Shares of
ASTS have tanked more than 30% in the past year.
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AST SpaceMobile (NASDAQ:ASTS)
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