ASTS Punished Over 1.5% Dilution? Shay Boloor Bought the Dip, Calls Fundraise 'Completely Misunderstood'

AST SpaceMobile Inc.

While the market crushed AST SpaceMobile Inc. (NASDAQ:ASTS) over a $1 billion convertible note offering, the actual shareholder equity hit is effectively capped at roughly 1.5%—prompting Future Equities’ Strategist Shay Boloor to add to his position on what he calls a severely misjudged market reaction.

A ‘Completely Misunderstood’ Raise