8-KCurrent report
Results of operations
✓ VerifiedAST SpaceMobile announced a proposed private offering of $1.0 billion of convertible senior notes due 2034, with total cash and restricted cash of approximately $2,723 million as of June 30, 2026.
7.01 Reg FD disclosure8.01 Other events
Filed Jul 15, 2026 · 16:18 ET
Summary
- AST SpaceMobile announced a proposed private offering of $1.0 billion aggregate principal amount of convertible senior notes due 2034 to qualified institutional buyers under Rule 144A.
- The Company intends to grant initial purchasers an option to buy up to an additional $150 million aggregate principal amount of Notes within a 13-day period.
- As of June 30, 2026, total cash and cash equivalents and restricted cash was approximately $2,723 million, a preliminary unaudited estimate.
- The Notes will mature on February 1, 2034, unless earlier converted or repurchased, and will be convertible into cash, Class A common stock, or a combination at the Company's election.
- The Company's launch campaign is targeting approximately 45 of its BlueBird satellites in early 2027.
- The Company is in advanced discussions with Rakuten regarding preliminary selection of RAST Co., Ltd. as an indirect subsidy recipient for the J-LEO project, with a total expected value up to 148 billion Japanese yen or approximately $1 billion.
Key facts
- Notes offering size
- $1.0 billion
From the filing for Notes offering size
“$1.0 billion aggregate principal amount of convertible senior notes due 2034”
- Additional purchase option
- $150 million
From the filing for Additional purchase option
“up to an additional $150 million aggregate principal amount of Notes”
- Maturity date
- February 1, 2034
From the filing for Maturity date
“The Notes will mature on February 1, 2034, unless earlier converted or repurchased.”
- Cash and restricted cash
- approximately $2,723 million
From the filing for Cash and restricted cash
“As of June 30, 2026, total cash and cash equivalents and restricted cash was approximately $2,723 million.”
- Satellite launch target
- approximately 45 of its BlueBird satellites
From the filing for Satellite launch target
“its launch campaign is targeting approximately 45 of its BlueBird satellites ("BB satellites") in early 2027”
- J-LEO project value
- up to 148 billion Japanese yen or approximately $1 billion
From the filing for J-LEO project value
“with a total expected value up to 148 billion Japanese yen or approximately $1 billion United States dollars”
- Rakuten subsidiary
- RAST Co., Ltd.
From the filing for Rakuten subsidiary
“regarding the preliminary selection of RAST Co., Ltd. as an indirect subsidy recipient for the Low Earth Orbit Satellite Infrastructure Development Project (J-LEO)”
Why it mattersThe financing would raise up to $1.15 billion for growth initiatives and additional launch access, including potential vertical integration to reduce reliance on third-party launch providers. The disclosure also updates the BlueBird launch timeline and a possible Japan subsidy award.
- Filed
- Jul 15, 2026
- Accepted
- 2026-07-15 20:18Z
- Period
- Jul 15, 2026
- Accession no.
- 0001493152-26-033365
- Size
- 249 KB
- Index
- Filing index