AST SpaceMobile paid $614.2m to retire $296.5m of convertible notes
In February 2026 the company bought back two series of 2032 notes in two rounds. It funded the payments by selling new shares to the very holders it was buying from, and the two deals were cross-conditional
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Published
AST SpaceMobile, Inc. Form 10-Q (second quarter 2026, accession 0001193125-26-342550): the convertible notes note, covering the repurchases of the 2032 4.25% and 2.375% notes and the issue of the 2036 2.25% notes; the fair value of debt paragraph; other (expense) income in the condensed consolidated statements of operations; the condensed consolidated balance sheets; the subsequent events note (2034 1.625% notes). Quarterly and half-year figures cross-checked against SEC XBRL Company Facts.
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AST SpaceMobile, Inc. (ASTS) repurchased $296.5m of convertible note principal on 20 and 23 February 2026. It paid $614.2m to do so — 2.07 times the principal — and raised the money by selling shares to the same note holders.
In plain terms
AST SpaceMobile builds communications satellites that ordinary mobile phones connect to directly. In February the company settled $296.5m of money it had borrowed by paying $614.2m. It raised that cash by selling new shares to the same lenders, and the two deals were tied together so that neither could happen without the other.
What happened
AST SpaceMobile, Inc. (ASTS) builds communications satellites that ordinary mobile phones connect to directly. The convertible notes note in its second-quarter 2026 10-Q records two repurchases carried out in February 2026.
Transaction
Principal retired
Amount paid
2032 4.25% notes
$46.5m
$180.5m
2032 2.375% notes
$250.0m
$433.7m
Total
$296.5m
$614.2m
Retiring one dollar of principal cost $2.07.
The money came from the same peopleSubscribers
The excess was split between two placesSubscribers
We find the numbers that are in the filing but not in the news, and analyze what they mean, how big they are and what to watch next quarter — with the arithmetic and quarterly metrics. Cancel any time.
Does a company really pay far more than face value to retire debt?
A note that converts into shares rises in value with the share price. The subscriber section gives the principal and the amount actually paid for each deal.
Where did the money come from?
The subscriber section sets out the funding method the 10-Q describes and the number of shares issued.
Where was the excess recorded?
Part went through the income statement and part was charged to equity. Both amounts are in the subscriber section.
Did borrowings fall in the end?
The subscriber section compares this against the notes issued in the same month and after quarter end.
Where can I check this myself?
On SEC EDGAR, open AST SpaceMobile, Inc.'s second-quarter 2026 Form 10-Q (accession 0001193125-26-342550) and read the convertible notes note.
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
AST SpaceMobile, Inc. Form 10-Q (second quarter 2026, accession 0001193125-26-342550): the convertible notes note, covering the repurchases of the 2032 4.25% and 2.375% notes and the issue of the 2036 2.25% notes; the fair value of debt paragraph; other (expense) income in the condensed consolidated statements of operations; the condensed consolidated balance sheets; the subsequent events note (2034 1.625% notes). Quarterly and half-year figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
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aiSwingX™ analyzes US filings and reports them as news investors can read.
