ASTS announced a $225 M repurchase of its 4.25% convertible notes due 2032, eliminating ~$63.8M in future interest. To fund this, it’s issuing ~9.45 M new shares at US $53.22/share, leading to about 1.04 M incremental shares and removing ~8.3 M underlying convertibles from reserve. Transactions expected to close ~July 1, 2025.
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