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  4. Freshfields Advises AST SpaceMobile on $460m Convertible Notes Offering
Freshfields Advises AST SpaceMobile on $460m Convertible Notes Offering

Freshfields advised AST SpaceMobile, Inc. (“AST SpaceMobile”) on its offering of $460 million aggregate principal amount of 4.25% Convertible Senior Notes due 2032 (the “Notes”). The Notes include $60 million aggregate principal amount of Notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional Notes. The Notes will be convertible into cash, shares of AST SpaceMobile’s Class A common stock, or a combination thereof, at AST SpaceMobile’s election. In addition, Freshfields advised AST SpaceMobile in connection with the capped call transactions entered into in connection with the offering.

AST SpaceMobile is building the world’s first and only space-based cellular broadband network accessible directly by everyday smartphones and designed for both commercial and government applications.

The Freshfields team consisted of partner Michael Levitt, counsel Jeffrey Gould, senior associates Aashim Usgaonkar and Kimberly Wang, and associates Yunah Ko, Peter Liddle and Will Gu. Structured products advice was provided by partner Brian Rance and senior associate Francesca Loreto.

Our Team
New York
Michael LevittPartner
New York
Brian RancePartner
Silicon Valley
Jeffrey GouldCounsel
New York
Aashim UsgaonkarSenior Associate
Silicon Valley
Kimberly WangSenior Associate
New York
Francesca LoretoSenior Associate
New York
Yunah KoAssociate
New York
Peter J. LiddleAssociate
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