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Riley Securities

AST SpaceMobile raises $75m

AST SpaceMobile, the company building what it claims is the first space-based cellular broadband network accessible directly by standard mobile phones, has confirmed the closing of its offering of 13,636,364 shares of Class A Common Stock raising gross proceeds of $75 million (€71.1m). Riley Securities (B. Riley) was the sole book-running manager of the offering. […]

December 5, 2022By Colin Mann