Key dates and disclosure events ASTS shareholders need to know: the lawsuit chronicles how repeated assurances that AST SpaceMobile was “fully funded” were allegedly followed by three separate $1.0 billion convertible note offerings and two competitive downgrades.

NEW YORK, Oct. 7, 2026 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in AST SpaceMobile, Inc. (NASDAQ: ASTS) that a securities class action has been filed on behalf of shareholders who purchased securities between March 4, 2025 and July 15, 2026. See if you could be eligible to recover. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

Five dated declines frame the alleged harm. September 9, 2025: down $3.86 per share, or 9.47%, to $36.91. October 22, 2025: down $7.26, or 9.24%, to $71.35. January 7, 2026: down $11.76, or 12.06%, to $85.73. February 12, 2026: down $14.70, or 15.17%, to $82.22. July 16, 2026: down $11.30, or 17.04%, to $55.01. Investors have until November 13, 2026 to seek lead plaintiff status.

Chronology of Material Events

The Class Period opens on March 4, 2025, after the Company reported nearly $1.0 billion in cash pro forma for a convertible note offering it described as structured with minimal dilution to existing shareholders. By August 11, 2025, the lawsuit chronicles, management told analysts that more than $1.5 billion on the balance sheet left AST SpaceMobile fully funded to reach the 45 to 60 satellite level.

October 21, 2025: The First $1.0 Billion Note Offering

Seventy-one days after the fully funded assurance, the Company announced and priced $1.0 billion of convertible senior notes due 2036, upsized from $850.0 million, for general corporate purposes including constellation deployment. As detailed in the action, that announcement allegedly contradicted the earlier capital sufficiency representations, and two more $1.0 billion offerings followed on February 11, 2026 and July 15, 2026.

Timeline of Alleged Disclosure Failures

• March 4, 2025: Class Period begins following reported cash of nearly $1.0 billion pro forma and statements touting accelerated satellite manufacturing.
• May 12, 2025: The Company reported $874.5 million in cash and pointed to an expected second half 2025 revenue opportunity of $50.0 million to $75.0 million.
• August 11, 2025: Management represented that over $1.5 billion in balance sheet cash made the Company fully funded to the 45 to 60 satellite level, the complaint recounts.
• September 8, 2025: UBS downgraded ASTS to Neutral and cut its target to $43.00 from $62.00, citing Starlink’s $19 billion EchoStar S-Band spectrum purchase.
• January 6, 2026: With shares valued around $97.60, Scotiabank moved to Sell, citing evidence of slow user adoption in the U.S. and Japan.
• October 21, 2025, February 11, 2026, and July 15, 2026: Three separate $1.0 billion convertible senior note offerings announced within nine months.

“Timely disclosure of material developments is fundamental to fair and efficient markets. The complaint alleges that shareholders were told the Company was fully funded to its next satellite milestone, and that three separate $1.0 billion convertible note offerings followed. That sequence deserves close examination.” — Joseph E. Levi, Esq.

Calculate your potential recovery or call (212) 363-7500.

Levi & Korsinsky, LLP — Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.

Frequently Asked Questions About the ASTS Lawsuit

Q: What specific misstatements does the ASTS lawsuit allege?A: The complaint alleges AST SpaceMobile made materially false or misleading statements regarding the sufficiency of its capital and liquidity position and the durability of its competitive position in the satellite direct-to-cellular market during the Class Period. When repeated $1.0 billion convertible note offerings and analyst reports citing Starlink competition and slow user adoption emerged, the stock price declined sharply.

Q: When did AST SpaceMobile allegedly mislead investors?A: The Class Period runs from March 4, 2025 to July 15, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.

Q: What court was the ASTS class action filed in?A: The case was filed in the United States District Court for the Western District of Texas, Midland/Odessa Division, governed by the Private Securities Litigation Reform Act of 1995.

Q: What documents do I need to to submit my information?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What happens after I contact Levi & Korsinsky?A: An attorney will review your trading history at no cost and provide an initial assessment of your potential eligibility.

Q: What if I already sold my ASTS shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony?A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: How long will the lawsuit take to resolve?A: Securities class actions typically take two to four years from initial filing to resolution. Timing depends on the court schedule, case developments, and whether the matter is dismissed, settled, or litigated further.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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