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re: ASTS, meme stock or real stock?
Posted on 2/12/26 at 11:44 am to Cajun75
Posted on 2/12/26 at 11:44 am to Cajun75
Announced the pricing of cash repurchases totaling about $296.5M of its convertible senior notes due 2032, including $46.5M of its 4.25% notes and $250M of its 2.375% notes.
The company also plans to issue about 6.3M shares of Class A common stock to noteholders participating in the repurchases through two registered direct offerings, in each case at a price of $96.92 per share in cash.
With this series of transactions, AST SpaceMobile will issue around 1.15M incremental shares to the underlying shares of the existing notes being repurchased while removing ~$300M of debt from the balance sheet and ~$51.4M of remaining interest.
After giving effect to the repurchases, ~$3.5M aggregate principal amount of the 4.25% convertible notes will remain outstanding and $325M of the 2.375% convertible notes will remain outstanding.
In a separate announcement, AST SpaceMobile (ASTS) priced its previously announced private offering of $1B of 2.250% convertible senior notes due 2036.
So, essentially a 3% dilution. They had 3 private offerings last year. It will recover.
The company also plans to issue about 6.3M shares of Class A common stock to noteholders participating in the repurchases through two registered direct offerings, in each case at a price of $96.92 per share in cash.
With this series of transactions, AST SpaceMobile will issue around 1.15M incremental shares to the underlying shares of the existing notes being repurchased while removing ~$300M of debt from the balance sheet and ~$51.4M of remaining interest.
After giving effect to the repurchases, ~$3.5M aggregate principal amount of the 4.25% convertible notes will remain outstanding and $325M of the 2.375% convertible notes will remain outstanding.
In a separate announcement, AST SpaceMobile (ASTS) priced its previously announced private offering of $1B of 2.250% convertible senior notes due 2036.
So, essentially a 3% dilution. They had 3 private offerings last year. It will recover.
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