๐ข ๐๐จ๐ฆ๐ง ๐๐ก: $AST SpaceMobile(ASTS.US) AST SpaceMobile Closes $๐ญ.๐ญ๐ฑ ๐๐ถ๐น๐น๐ถ๐ผ๐ป Convertible Notes Offering
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐๐ฆ๐ง ๐ฆ๐ฝ๐ฎ๐ฐ๐ฒ๐ ๐ผ๐ฏ๐ถ๐น๐ฒ closes $๐ญ.๐ญ๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป convertible senior notes offering.โค Offering includes $๐ญ๐ฑ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป from the full purchasers' option.โค Notes mature in ๐ฎ๐ฌ๐ฏ๐ฐ and carry a ๐ญ.๐ฒ๐ฎ๐ฑ% interest rate.โค Capped call raises the effective conversion price to $๐ญ๐ฐ๐ต.๐ฎ๐ฌ per share.โค Company expects effective dilution of ๐น๐ฒ๐๐ ๐๐ต๐ฎ๐ป ๐ฎ%.โค Pro forma cash rises to more than $๐ฏ.๐ด ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค Settlement of the $๐ญ๐ฑ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป option notes is expected on ๐๐๐น๐ ๐ฎ๐ฎ, ๐ฎ๐ฌ๐ฎ๐ฒ.โค AST SpaceMobile may settle future conversions in ๐ฐ๐ฎ๐๐ต, ๐๐ต๐ฎ๐ฟ๐ฒ๐, or a combination.๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐ ๐ฆ๐๐ฎ๐๐ฒ๐บ๐ฒ๐ป๐:๐๐ป๐ฑ๐ ๐๐ผ๐ต๐ป๐๐ผ๐ป, Chief Financial Officer of AST SpaceMobile:"The notes have our lowest coupon ever at 1.625% and have an effective conversion price of $149.20 per share, well above our all-time high stock price, providing cost-efficient capital with effective dilution of less than 2%."The copyright of this article belongs to the original author/organization.
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