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 by Staff Writers Midland TX (SPX) May 08, 2022
AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced it has entered into a common stock purchase agreement with B. Riley Principal Capital, LLC ("B. Riley"). The agreement governs a Committed Equity Facility that provides AST SpaceMobile with the right, without obligation, to sell and issue up to $75 million of its Class A Common Stock over a period of 24 months to B. Riley at AST SpaceMobile's sole discretion, subject to certain limitations and conditions. "This new source of funding is in line with our strategy to maintain regular and diverse access to various capital markets, while preserving our existing balance sheet cash for building our BlueBird production satellites," said Scott Wisniewski, AST SpaceMobile Chief Strategy Officer. "The facility allows us the flexibility to raise equity capital, when and if we choose to do so, at a measured pace, depending on market conditions." This press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of the Company's common stock. There will be no sale of common stock in any jurisdiction in which one would be unlawful. Further details are contained in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 6, 2022.
Satellogic announces multiple launch agreement with SpaceX New York NY (SPX) May 05, 2022 Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, reports it has signed a new Multiple Launch Agreement ("MLA") with SpaceX reserving launch capacity for its next 68 satellites. This new MLA follows the current MLA covering 2022 launches, and confirms that SpaceX continues to be Satellogic's preferred vendor for rideshare missions, meeting the capacity demands of Satellogic's constellation roadmap and providing shorter periods between satellite de ... read more
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