$AST SpaceMobile (ASTS.US)$ ASTS stock is selling off today ...
$AST SpaceMobile (ASTS.US)$ASTS stock is selling off today due to investor concerns about the company's financial strategy. AST SpaceMobile filed a prospectus with the SEC to raise $400 million through a stock offering, which contradicts their earlier statement of not needing to raise capital until the end of 2025. This potential dilution of existing shares has likely led to a decrease in investor confidence, contributing to the drop.
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10baggerbamm
OP104175148
:
they filed a prospectus supplement on 9/5 as part of an Equity Distribution Agreement to sell shares of its class A common stock.
FANCY PANTS
:
They mentioned in their shareholder meeting they wouldn't touch the offering til early 2025. Likely to accelerate building new satellites. temporary pain for longer gains.
104175148 : when did they file a prospectus
HH1000 : where do you see this news
74483586 : Thanks for sharing this and where did you find this?
10baggerbamm OP 104175148 : they filed a prospectus supplement on 9/5 as part of an Equity Distribution Agreement to sell shares of its class A common stock.
FANCY PANTS : They mentioned in their shareholder meeting they wouldn't touch the offering til early 2025. Likely to accelerate building new satellites. temporary pain for longer gains.
10baggerbamm OP FANCY PANTS : yeah I did a typo the offering wasn't expected till the end of 25 I typed 24 I made a mistake my bad
70659822 : No worries.