{"id":319598,"date":"2022-11-30T11:51:56","date_gmt":"2022-11-30T11:51:56","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=359976"},"modified":"2022-11-30T11:51:56","modified_gmt":"2022-11-30T11:51:56","slug":"ast-spacemobile-launches-65m-share-sale","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2022\/11\/30\/ast-spacemobile-launches-65m-share-sale\/","title":{"rendered":"AST SpaceMobile launches $65M share sale"},"content":{"rendered":"

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\tSatellite player AST SpaceMobile set the wheels in motion on a public offering for $65 million worth of shares, as it cautioned investors it would need to splash significant amounts of cash before raising revenue from its core proposition.<\/p>\n

In filings made with the US Securities and Exchange Commission, the company noted prospective funds raised from the sale were yet to be allocated to specific areas. However, it pointed to a number of segments it will need to invest in to bring its proposition to the market.<\/p>\n

These include satellite design, assembly and launch, developing the components of the SpaceMobile Service, R&D, buying raw materials, testing, and increasing its repair and maintenance capabilities.<\/p>\n

It noted alongside the share sale, it was in talks with other parties about improving its financial position.<\/p>\n

AST SpaceMobile plans to provide mobile connectivity from satellites directly to standard handsets. It already has trial agreements in place with a number of operators [1].<\/p>\n

The company is already publicly listed in the US following an IPO in 2021. It also has several high-profile partners in the mobile industry including Vodafone Group, AT&T and American Tower.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/ast-spacemobile-hooks-up-with-orange-on-satellite-trial\/<\/p>\n\n

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Satellite player AST SpaceMobile set the wheels in motion on a public offering for $65 …<\/p>\n

The post AST SpaceMobile launches $65M share sale<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"AST SpaceMobile launches $65M share sale - ITTeacherITFreelance.hk","description":"Satellite player AST SpaceMobile set the wheels in motion on a public offering for $65 ... The post AST SpaceMobile launches $65M share sale appeared first on M"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/319598"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=319598"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/319598\/revisions"}],"predecessor-version":[{"id":320583,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/319598\/revisions\/320583"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=319598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=319598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=319598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}