• AST SpaceMobile, Inc. (NASDAQ: ASTS) shareholders should email fletcher@fmoorelaw.com

NEW YORK, Oct. 20, 2026 /PRNewswire/ -- 

What is the Investigation About?

On January 6, 2026, Scotiabank downgraded AST SpaceMobile to "Sell," citing competition from Starlink and evidence of slow user adoption in the United States and Japan.

Following this news, the price of AST SpaceMobile stock fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

On February 11, 2026, AST SpaceMobile announced and priced a $1 billion convertible notes offering. Following this news, the stock fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026.

On July 15, 2026, AST SpaceMobile announced and priced another $1 billion convertible senior notes offering. AST SpaceMobile disclosed that it intended to pursue potential partnerships or acquisitions but had no related understandings or agreements in place. Analysts at UBS and Roth Capital Partners questioned the financing given prior representations that its satellite constellation was fully funded. Following this news, the stock fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

If you own AST SpaceMobile, Inc. (NASDAQ: ASTS) securities, please contact Fletcher Moore at fletcher@fmoorelaw.com.

You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

MOORE LAW PLLC
30 Wall Street, 8^th Floor
New York, NY 10005
fletcher@fmoorelaw.com
www.fmoorelaw.com

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SOURCE Moore Law PLLC