AST SpaceMobile stock (ASTS) steadies after $1 billion convertible notes; what traders watch next week
AST SpaceMobile shares rose 0.3% to $82.45 Friday after falling on news of a $1 billion convertible bond sale and two equity placements totaling over $600 million. The company expects to use proceeds to repurchase older convertible notes. Settlement dates and a U.S. market holiday may keep trading volatile into next week. AST reported year-end cash of $2.78 billion and said further capital may be needed.