PARIS — Satellite-to-unmodified smartphone startup AST SpaceMobile increased the size of its Class A share offering by $10 million, saying it will generate $75 million before commissions and expenses.
Sole underwriter B. Riley has been given 30 days from Nov. 30 to exercise an option to purchase an additional 2.045 million AST Class A shares at the same price to cover over-allotments, which would generate another 11.25 million in proceeds to AST.
The company had warned shareholders in preparing the offering . . .
To view the entire article, become a subscriber!
