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Form 8-K

sec.gov

8-K — AST SpaceMobile, Inc.

Accession: 0001493152-26-033365

Filed: 2026-07-15

Period: 2026-07-15

CIK: 0001780312

SIC: 4899 (COMMUNICATION SERVICES, NEC)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): July 15, 2026

AST

SpaceMobile, Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-39040

84-2027232

(State

or Other Jurisdiction

(Commission

(IRS

Employer

of

Incorporation)

File

Number)

Identification

No.)

Midland

International Air & Space Port

2901

Enterprise Lane

Midland,

Texas

79706

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (432) 276-3966

N/A

(Former

name or former address, if changed since last report.)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Class

A common stock, par value $0.0001 per share

ASTS

The

Nasdaq Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

If

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

2.02 Results of Operations and Financial Condition.

On

July 15, 2026, AST SpaceMobile, Inc. (the “Company”) announced a proposed offering (the “Notes Offering”)

of convertible senior notes due 2034 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the

Securities Act of 1933, as amended (the “Securities Act”) and its intention to enter into capped call transactions

in connection therewith, as described in Item 8.01 below. In connection with the Notes Offering, the Company provided the following disclosure

for the purpose of supplementing and updating disclosures contained in the Company’s prior filings with the Securities and Exchange

Commission, which includes certain preliminary unaudited financial information of the Company as of June 30, 2026:

Liquidity

Update

As

of June 30, 2026, total cash and cash equivalents and restricted cash was approximately $2,723 million. The Company’s financial

results as of and for the quarter ended June 30, 2026 are not yet complete and will not be available until after the completion of this

offering. Accordingly, the foregoing financial information is a preliminary estimate for cash and cash equivalents and restricted cash

as of June 30, 2026. These estimates are subject to revision based upon the completion of the Company’s quarter-end financial closing

procedures and other developments that may arise prior to the time the Company’s financial results for the quarter ended June 30,

2026 are finalized. Neither the Company’s independent auditors, nor any other independent accountants, have audited, reviewed,

compiled, examined, or performed any procedures with respect to this preliminary financial information. You should not place undue reliance

on these preliminary estimates.

The

information included in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange

Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated

by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such

a filing.

Item

7.01 Regulation FD Disclosure

In

connection with the Notes Offering, the Company supplemented and updated disclosures contained in the Company’s prior filings with

the Securities and Exchange Commission, noting that based on the Company’s current expectations regarding launch availability,

its launch campaign is targeting approximately 45 of its BlueBird satellites (“BB satellites”) in early 2027. The

timing of launch of the BB satellites is contingent on a number of factors including satisfactory and timely completion of the assembly

and testing of the BB satellites, readiness of the launch vehicle, logistics and other factors, many of which are beyond its control.

In addition, the Company is currently in advanced discussions with Rakuten, a shareholder of the Company and e-commerce, financial and

telecommunications conglomerate in Japan, regarding the preliminary selection of RAST Co., Ltd. as an indirect subsidy recipient for

the Low Earth Orbit Satellite Infrastructure Development Project (J-LEO) for Securing National Self-Reliance, with a total expected value

up to 148 billion Japanese yen or approximately $1 billion United States dollars. The project supports the development of low-Earth orbit

satellite communication infrastructure to realize direct satellite communication services utilizing low-orbit satellite constellations

operated and managed within Japan. The subsidy award and related joint venture discussions are ongoing and there is no assurance

that the joint venture will be finalized or that government financing will be secured.

The

information contained in this Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange

Act, or otherwise subject to the liabilities of such section, nor will such information be deemed incorporated by reference in any filing

under the Securities Act, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item

8.01 Other Events.

On

July 15, 2026, the Company issued a press release relating to its proposed Notes Offering and its intention to enter into capped call

transactions in connection therewith. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is

incorporated by reference herein.

Neither

this Current Report on Form 8-K nor the press release filed as Exhibit 99.1 hereto constitute an offer to sell, or a solicitation of

an offer to buy, any Notes nor will there be any sale of any Notes in any state or other jurisdiction in which such offer, sale or solicitation

would be unlawful.

Item

9.01 Financial Statements and Exhibits.

(d)

Exhibits

Exhibit

No.

Description

99.1

Press release titled “AST SpaceMobile Announces Proposed Private Offering of $1.0 billion of Convertible Senior Notes Due 2034,” dated July 15, 2026

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its

behalf by the undersigned hereunto duly authorized.

AST

SPACEMOBILE, INC.

Date:

July

15, 2026

By:

/s/

Andrew M. Johnson

Andrew

M. Johnson

Executive

Vice President, Chief Financial Officer and Chief Legal Officer

EX-99.1

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

AST

SpaceMobile Announces Proposed Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034

July

15, 2026

Convertible

Notes Offering

MIDLAND,

Texas—(BUSINESS WIRE) – AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first

and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government

applications, today announced its intent to offer, subject to market conditions and other factors, $1.0 billion aggregate principal

amount of convertible senior notes due 2034 (the “Notes”) in a private offering (the “Notes Offering”) to persons

reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities

Act”). AST SpaceMobile also intends to grant the initial purchasers of the Notes in the Notes Offering an option to purchase, for

settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $150

million aggregate principal amount of Notes.

The

Notes will be senior, unsecured obligations of AST SpaceMobile, and will accrue interest payable semiannually in arrears. The Notes will

mature on February 1, 2034, unless earlier converted or repurchased. The Notes will be convertible into cash, shares of AST SpaceMobile’s

Class A common stock, or a combination thereof, at AST SpaceMobile’s election. The interest rate, initial conversion rate, and

other terms of the Notes are to be determined upon pricing of the Notes Offering.

AST

SpaceMobile intends to use a portion of the net proceeds from the Notes Offering to pay the cost of the capped call transactions described

below. AST SpaceMobile intends to use the remaining net proceeds from the Notes Offering to pursue an expanding universe of growth initiatives

and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further

vertically integrate its business and mitigate risks associated with third-party launch providers. AST SpaceMobile currently does not

have any understandings or agreements with respect to any such strategic transactions. If the initial purchasers exercise their option

to purchase additional Notes, AST SpaceMobile expects to use a portion of the net proceeds from the sale of the additional Notes to enter

into additional capped call transactions with the option counterparties (as defined below), with the remainder of the net proceeds to

be used as described above.

Capped

Call Transactions

In

connection with the pricing of the Notes, AST SpaceMobile expects to enter into capped call transactions with one or more of the initial

purchasers of the Notes or affiliates thereof and/or other financial institutions (the “option counterparties”). The capped

call transactions will cover, subject to customary adjustments, the number of shares of AST SpaceMobile’s Class A common stock

initially underlying the Notes. The capped call transactions are expected generally to reduce the potential dilution to AST SpaceMobile’s

Class A common stock upon any conversion of Notes and/or offset any cash payments AST SpaceMobile is required to make in excess of the

principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap.

In

connection with establishing their initial hedges of the capped call transactions, AST SpaceMobile expects the option counterparties

or their respective affiliates will enter into various derivative transactions with respect to AST SpaceMobile’s Class A common

stock and/or purchase shares of AST SpaceMobile’s Class A common stock concurrently with or shortly after the pricing of the Notes,

including with, or from, as the case may be, certain investors in the Notes. This activity could increase (or reduce the size of any

decrease in) the market price of AST SpaceMobile’s Class A common stock or the Notes at that time.

In

addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various

derivatives with respect to AST SpaceMobile’s Class A common stock and/or purchasing or selling AST SpaceMobile’s Class A

common stock or other securities of AST SpaceMobile in secondary market transactions following the pricing of the Notes and prior to

the maturity of the Notes (and are likely to do so during the 20 trading day period beginning on the 21st scheduled trading day prior

to the maturity date of the Notes, or, to the extent AST SpaceMobile exercises the relevant termination election under the capped call

transactions, following any repurchase or conversion of the Notes). This activity could also cause or avoid an increase or a decrease

in the market price of AST SpaceMobile’s Class A common stock or the Notes, which could affect a noteholder’s ability to

convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect

the number of shares, if any, and value of the consideration that a noteholder will receive upon conversion of its Notes.

The

Notes will only be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated

under the Securities Act by means of a private offering memorandum. Neither the Notes nor the shares of AST SpaceMobile’s Class

A common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act

or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant

to an applicable exemption from, or in a transaction not subject to, such registration requirements.

This

announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Notes or any shares of AST SpaceMobile’s

Class A common stock potentially issuable upon conversion of the Notes and shall not constitute an offer, solicitation, or sale in any

jurisdiction in which such offer, solicitation, or sale is unlawful.

About

AST SpaceMobile

AST

SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile

devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and

space scientists are on a mission to enable 4G and 5G space-based cellular broadband to every device, everywhere, for today’s nearly

6 billion mobile subscribers globally.

Forward-Looking

Statements

This

communication contains “forward-looking statements” that are not historical facts, including statements concerning the completion,

timing, and size of the Notes Offering, the granting of a 13-day option to purchase additional Notes, the potential effects of entering

into the capped call transactions and the expected use of the net proceeds from the Notes Offering. These forward-looking statements

can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “can,”

“expects,” “intends,” “may,” “potential,” “will,” or, in each case, their

negative or other variations or comparable terminology. These forward-looking statements are made pursuant to the safe harbor provisions

of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties

that could cause the actual results to differ materially from the expected results. Such risks include, but are not limited to, whether

AST SpaceMobile will offer the Notes or consummate the Notes Offering, the final terms of the Notes Offering, prevailing market conditions,

the anticipated principal amount of the Notes, which could differ based upon market conditions, the anticipated use of the net proceeds

from the Notes Offering, which could change as a result of market conditions or for other reasons, whether the capped call transactions

described above will become effective, the effects of entering into these transactions and the impact of general economic, industry or

political conditions in the United States or internationally.

AST

SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance

upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause

actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST

SpaceMobile’s Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 2, 2026, its Form 10-Q for the

fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with

the SEC. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except

as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking

statements whether as a result of new information, future events or otherwise.

Investor

Contact:

Scott

Wisniewski

investors@ast-science.com

Media

Contacts:

Allison

Worldwide

AstSpaceMobile@allisonpr.com

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