ADDED
As of February 26, 2026, there were 292,637,039 shares of Class A common stock, $0.0001 par value, 11,215,111 shares of Class B common stock, $0.0001 par value, and 78,163,078 shares of Class C common stock, $0.0001 par value, issued and outstanding.
AST Existing Equityholder Representative refers to Abel Avellan in his capacity as Existing Equityholder Representative pursuant to the Equity Purchase Agreement.
AST LLC refers to AST Science, LLC, a Delaware limited liability company.
Securities Act refers to the Securities Act of 1933, as amended.
Sound Point Credit Facility refers to the non-recourse senior-secured delayed-draw term loan facility in an aggregate principal amount of $550.0 million provided for by the credit agreement entered into on July 15, 2025 by and among AST LLC, Sound Point Agency LLC, as administrative agent and collateral agent, and the lenders from time to time party thereto.
trade policy, including changes to existing trade agreements and any resulting changes in international trade relations; our ability to realize the anticipated benefits of our strategic transactions such as acquisitions, investments, partnerships, joint ventures and other growth strategies; and other factors detailed under the section entitled Risk Factors.
The SpaceMobile Service currently is planned to be provided by a constellation of high-powered, large phased-array satellites in LEO using low-band and mid-band spectrum controlled by MNOs.
On March 22, 2025, we and certain of our subsidiaries entered into certain definitive agreements with Ligado Networks LLC ( Ligado LLC ) and its subsidiaries for usage rights for mid-band spectrum, which were approved by the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ) on June 23, 2025.
Ligado s Chapter 11 plan was confirmed by the Bankruptcy Court on or about September 29, 2025.
Subject to the completion of certain conditions, including regulatory approval, as a result of the transaction with Ligado, we expect our network will be enhanced by our long-term access to up to 45 MHz of the lower mid-band satellite spectrum in the United States and Canada through our usage agreements.
REMOVED
As of February 27, 2025, there were 227,101,453 shares of Class A common stock, $0.0001 per value, 11,227,292 shares of Class B common stock, $0.0001 par value, and 78,163,078 shares of Class C common stock, $0.0001 par value, issued and outstanding.
AST LLC refers to AST Science, LLC, a Delaware limited liability corporation.
AST Options refers to each outstanding option to purchase Existing AST Common Units granted pursuant to the AST Incentive Plan and the Prior AST Operating Agreement.
The SpaceMobile Service currently is planned to be provided by a constellation of high-powered, large phased-array satellites in low Earth orbit ( LEO ) using low-band and mid-band spectrum controlled by Mobile Network Operators ( MNOs ).
As a result of the incremental coverage created by the planned SpaceMobile Service, we believe that MNOs will have the opportunity to increase subscribers average revenue per user ( ARPU ).
To this end, we have entered into agreements with prime contractors for the United States ( U.S.
) government to perform certain tasks and intend to seek to enter into other similar agreements with the U.S.
government, either directly or through prime contractors, to develop and test certain non-communication applications and, once qualified, provide certain non-communication and communication services through our satellites.
We launched our BW3 test satellite on September 10, 2022, and announced the completion of the deployment of the communication phased array antenna of the BW3 test satellite in orbit on November 14, 2022.
We launched five first generation commercial BB satellites ( Block 1 BB satellites ) on September 12, 2024.