AST SpaceMobile, Inc. (NASDAQ: ASTS) has announced the pricing of $1.0 billion aggregate principal amount of 2.250% convertible senior notes due 2036. The offering, which is being made to qualified institutional buyers under Rule 144A of the Securities Act of 1933, is expected to close on Feb. 17, 2026, subject to customary closing conditions. The notes carry an initial conversion price of approximately $116.30 per share, representing a roughly 20% premium to the company's Feb. 11, 2026 closing price.
AST SpaceMobile has also granted the initial purchasers an option to buy up to an additional $150 million of notes. The net proceeds from the offering are intended to support global spectrum deployment, technology commercialization—including artificial intelligence opportunities—government space initiatives, debt reduction, and other general corporate purposes. This significant capital raise underscores the company's commitment to advancing its space-based cellular broadband network.
For more details on the offering, the full press release is available at https://ibn.fm/4WSR2.
AST SpaceMobile is building the first and only global cellular broadband network in space, designed to operate directly with standard, unmodified mobile devices. Leveraging its extensive IP and patent portfolio, the company aims to enable 4G and 5G space-based cellular broadband for nearly 6 billion mobile subscribers worldwide, as well as for government applications. This offering provides the financial resources to accelerate deployment and commercialization efforts.
The announcement comes as the company continues to make strides in the space-based communications sector. By securing this substantial funding, AST SpaceMobile positions itself to expand its infrastructure and pursue opportunities in artificial intelligence and government contracts. The convertible notes structure also offers investors a fixed-income component with potential upside through conversion to equity.
This development is important because it highlights the growing investor confidence in space-based telecommunications and the company's strategy to bridge connectivity gaps globally. The proceeds will enable AST SpaceMobile to further its mission of providing cellular broadband from space, potentially transforming access to mobile connectivity in remote and underserved areas.
For more information about AST SpaceMobile, visit their website at https://ast-science.com/.
