AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034 (Effective Conversion Price of $149.20 per Share with Capped Call)
AST SpaceMobile priced a $1.0 billion private offering of 1.625% convertible senior notes due 2034, with an initial conversion price of $79.57 per share, representing a 20% premium to the last reported sale price. The company also entered into capped call transactions with an initial cap price of $149.20 per share (125% premium) to reduce potential dilution, and granted purchasers an option to buy up to an additional $150 million in notes.
Key figures
- Deal Value Usd
- 1000000000
- Offering Price
- 79.57
- Coupon rate
- 1.625%
- Maturity date
- February 1, 2034
- Capped call price
- 149.2
- Prior close price
- 66.31
- Conversion premium
- 20.0%
- Capped call premium
- 125.0%
AI analysis
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