AST SpaceMobile Announces Preliminary Results of Redemption of Public Warrants

September 30, 2024

AST SpaceMobile, Inc. announced the preliminary results of its redemption of all of its outstanding publicly traded warrants (the “Public Warrants”) to purchase shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), that were issued under the Warrant Agreement dated as of September 13, 2019 (the “Warrant Agreement”), by and between AST SpaceMobile (f/k/a New Providence Acquisition Corp. (“NPA”)) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), for a redemption price of $0.01 per warrant (the “Redemption Price”), that remained outstanding at 5:00 p.m. New York City time on Friday, September 27, 2024 (the “Redemption Date”).

On August 28, 2024, AST SpaceMobile issued a press release stating that, pursuant to the terms of the Warrant Agreement, on the Redemption Date, it would redeem all of the outstanding Public Warrants at the Redemption Price. Based on preliminary results, 13,581,996 Public Warrants were exercised for cash at an exercise price of $11.50 per share of Class A Common Stock, representing approximately 99.89% of the outstanding Public Warrants. A total of 260,987 Public Warrants remained unexercised as of the Redemption Date. The preceding results are preliminary and are subject to change. The final results will be available following the expiration of the broker protect period at 5:00 p.m. New York City Time on October 1, 2024. Following the Redemption Date, the Company had no Public Warrants outstanding.

In connection with the redemption, the Public Warrants ceased trading on the Nasdaq Global Select Market (“Nasdaq”) and were delisted, with the trading suspension announced on September 27, 2024. The Class A Common Stock continues to trade on the Nasdaq under the symbol “ASTS”.