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Benzinga
Benzinga
Business
Adam Eckert

AST SpaceMobile Stock Is Sliding Tuesday: What's Going On?

AST SpaceMobile ASTS AST SpaceMobile Inc
Ast,Spacemobile,5g,Cellular,Broadband,Communication,Satellite,Technology,Network.,Calgary,

AST SpaceMobile Inc (NASDAQ:ASTS) shares are trading lower Tuesday after the company filed for an $800 million offering.

What Happened: AST SpaceMobile entered into an Equity Distribution Agreement to sell up to $800 million of the company’s common stock in an at-the-market offering program with up to a three-year term.

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