AST SpaceMobile (NASDAQ:ASTS) has slipped 13.1% after hours following news it's launching a public offering of $65M in common stock.
B. Riley Securities will be the sole book-runner. And the company is granting it a 30-day greenshoe option to buy up to an additional $9.75M worth of shares at the public offering price, to cover overallotments.
The offering ties to a shelf registration the company filed Nov. 10.
AST SpaceMobile's market cap is $1.17B; it has 55.4M shares outstanding.