AST SpaceMobile Raises $59.4M, Stock Craters
AST SpaceMobile ($ASTS) stock plunged nearly 30% this week after the cash-strapped company announced Tuesday it had raised $59.4M in a steep discount public offering. The satellite manufacturer sold 12.5M shares at ~$4.75 a pop, well below the ~$6.50 price tag the shares were trading at before the offering. Space → Mobile: The Odessa, TX-based […]