# AST SpaceMobile paid $614.2m to retire $296.5m of convertible notes

![AST SpaceMobile paid $614.2m to retire $296.5m of convertible notes](https://aiswingx.com/static/covers/asts-note-repurchase-2026q2_cover.jpg?v=1790373971)

**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**

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.

- 종목: ASTS (AST SpaceMobile, Inc.)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-25 22:06 UTC
- 원문: https://aiswingx.com/p/asts-note-repurchase-2026q2

## 숫자 하나
In February 2026, $296.5m of convertible note principal was repurchased for $614.2m, 2.07 times principal. Of the excess, $88.6m went through profit and $381.1m was charged to equity. In the same month the company issued $1,075.0m of 2036 2.25% convertible notes.

## 비유 하나
(구독자 전용)

## 출처 하나
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.

## 다음 분기에 볼 것
(구독자 전용)

---

## 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**.

---

(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. 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.

**Q. Where did the money come from?**

The subscriber section sets out the funding method the 10-Q describes and the number of shares issued.

**Q. Where was the excess recorded?**

Part went through the income statement and part was charged to equity. Both amounts are in the subscriber section.

**Q. Did borrowings fall in the end?**

The subscriber section compares this against the notes issued in the same month and after quarter end.

**Q. 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.