AST SpaceMobile Investors: Prepare to Be Diluted

I hate to say I told you so (but I did). And just as I forewarned back in September, AST SpaceMobile (NASDAQ: ASTS) stock has decided to dilute its investors.Again.On Thursday last week, AST management announced plans to float $400 million worth of convertible senior notes due 2032 (that's debt, convertible into stock) in a private offering to qualified institutional investors. The company explained that these notes will pay 4.25% interest and will be convertible into shares of AST common stock at about $27 per share. AST said at the time that it would permit its underwriters to buy an additional $60 million worth of the notes should they so desire. On Monday, AST confirmed that they did in fact so desire, and that the final size of the offering ended up being $460 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool