AST SpaceMobile Plans $1 Billion Convertible Debt; Shares Slide After-Hours
AST SpaceMobile said it intends to privately offer $1.0 billion of convertible senior notes due 2034, triggering a roughly 10% decline in its shares during after-hours trading. The unsecured notes will accrue interest payable semiannually, be convertible at the company's election into cash, Class A common stock or a mix of both, and include an init…