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Stock impact report

AST SpaceMobile Stockholders Should Brace for Serious Share Dilution [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
all-time high north of $38 a share back in August, would-be satellite communications stock AST SpaceMobile (NASDAQ: ASTS) has taken its shareholders on a wild, wild ride in 2024. But buckle up, investors: This ride is far from over and it could get even bumpier in the quarters to come. Marvel at AST's amazingly big bank account By now you've likely heard the news. Two weeks ago, AST SpaceMobile management informed investors that it plans to "redeem all of its publicly traded warrants to purchase shares of Class A common stock." One week later, AST advised that it has already received $71 million from this warrant redemption, and anticipates collecting $84 million more. The $155 million in new cash will swell AST's coffers to $440 million and, with payment already made on the company's first five BlueBird communications satellites (which launched on Thursday), the company says it now has (or will soon have) sufficient funds to support its "near-term operational initiatives," to Show less Read more
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