AST announces convertible note deals with AT&T, Google, Vodafone, and $100M equity raise at 25.5% discount

by Peter B. de Selding

PARIS — Startup satellite direct-to-cellpone broadband service provider AST SpaceMobile announced a series of funding measures including a $100 million equity raise to be priced at $3.10 per share, a discount of 25.5% over where the company’s shares traded the previous day.

The other measures announced Jan. 18 and Jan. 19 include:

— $110 million in 10-year convertible notes to be purchased by AT&T, Vodafone and Google, which will carry a 5.5% annual interest. The notes are convertible to AST SpaceMobile shares as . . .

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