AST SpaceMobile, Inc. (ASTS) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ASTS currently has 291M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 84.46% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 290.7M shares outstanding |
290M | 0 |
| Nov 10, 2025 |
10-Q filing | 272.8M shares outstanding |
270M | 0 |
| Aug 11, 2025 |
10-Q filing | 269.1M shares outstanding |
270M | 0 |
| Jul 31, 2025 |
8-K filing: AST SpaceMobile, Inc. completed the repurchase of $135.0 million principal amount of its outstanding 4.25% convertible senior notes due 2032 and also completed a registered direct offering of 5,775,635 shares of its Class A common stock at a price of $60.06 per share. |
220M | 0 |
| Jul 03, 2025 |
8-K filing: AST SpaceMobile repurchased $225 million principal amount of its convertible notes, removing approximately 8.3 million underlying shares of common stock. The company also completed a registered direct offering of 9,450,268 shares of its Class A common stock at a price of $53.22 per share. |
220M | 0 |
| Jun 26, 2025 |
8-K filing: AST SpaceMobile, Inc. will receive long-term access to up to 45 MHz of lower mid-band spectrum in the United States and Canada for direct-to-device satellite applications through a transaction with Ligado Networks LLC, which has been approved by the U.S. Bankruptcy Court. |
220M | 0 |
| May 12, 2025 |
10-Q filing | 224.0M shares outstanding |
220M | 0 |
| Mar 24, 2025 |
8-K filing: AST SpaceMobile, Inc. entered into definitive agreements with Ligado Networks LLC, Cerberus Capital Management, L.P., and Fortress Credit Advisors LLC, including a framework agreement, collaboration agreement, usage rights agreement, governance side letter, and warrant issuance for approximately 4.7 million shares of Class A common stock. |
230M | 0 |
| Mar 03, 2025 |
10-K filing | 227.1M shares outstanding |
230M | 0 |
| Jan 27, 2025 |
8-K filing: AST SpaceMobile, Inc. completed a private offering of $460 million aggregate principal amount of 4.25% Convertible Senior Notes due 2032, which includes the exercise in full of the initial purchasers' option to purchase up to an additional $60 million principal amount of the Notes. |
200M | 9M |
| Jan 22, 2025 |
8-K filing: The Company issued a notice to convert approximately $148.5 million of 2034 Convertible Notes into approximately 25.8 million shares of its Class A Common Stock at a conversion price of $5.75 per share. |
200M | 9M |
| Jan 07, 2025 |
8-K filing: AST SpaceMobile, Inc., through its subsidiary AST & Science, LLC, entered into a Strategic Collaboration Term Sheet with Ligado Networks LLC to gain access to up to 45 MHz of lower mid-band spectrum in the United States, involving potential payments in cash or Class A common stock and warrants exercisable for Class A common stock. |
200M | 9M |
| Nov 14, 2024 |
10-Q filing | 200.3M shares outstanding |
200M | 9M |
| Aug 14, 2024 |
10-Q filing | 141.2M shares outstanding |
140M | 68M |
| Jul 03, 2024 |
S-3/A filing: This S-3/A filing relates to the resale of 10,445,200 shares of Class A Common Stock by the selling stockholder. |
140M | 70M |
| Jun 11, 2024 |
S-3 filing: This prospectus relates to the resale from time to time of an aggregate of 10,445,200 shares of Class A Common Stock issued in connection with the Antares Reorganization and in exchange for shares of the Company previously registered under the Securities Act on Form S-3. |
140M | 70M |
| May 15, 2024 |
10-Q filing | 139.6M shares outstanding |
140M | 59M |
| Apr 01, 2024 |
10-K filing | 138.1M shares outstanding |
140M | 61M |
| Jan 29, 2024 |
8-K filing: AST SpaceMobile, Inc. closed its offering of 32,258,064 shares of Class A common stock on January 23, 2024, and the underwriters exercised their option to purchase an additional 4,838,709 shares, which closed on January 29, 2024, raising net proceeds of $14.1 million before offering expenses. ($14.1M proceeds) |
90M | 110M |
| Jan 23, 2024 |
8-K filing: The Company closed its previously announced offering of 32,258,064 shares of Class A Common Stock, raising net proceeds before offering expenses of $94.0 million and granted the underwriters a 30-day option to purchase up to an additional 4,838,709 shares of Class A Common Stock, which would raise an additional $14.1 million in net proceeds before offering expenses. ($94.0M proceeds) |
90M | 110M |
| Nov 14, 2023 |
10-Q filing | 89.5M shares outstanding |
90M | 110M |
| Aug 14, 2023 |
10-Q filing | 89.5M shares outstanding |
89M | 110M |
| Jun 30, 2023 |
8-K filing: AST SpaceMobile, Inc. closed its offering of 12,500,000 shares of Class A Common Stock, raising net proceeds of approximately $56.9 million. ($0.0M proceeds) |
72M | 130M |
| May 15, 2023 |
10-Q filing | 71.8M shares outstanding |
72M | 130M |
| Mar 31, 2023 |
10-K filing | 71.9M shares outstanding |
72M | 130M |
| Dec 15, 2022 |
POS AM filing: SpaceMobile, Inc. removes from registration all of the Securities that remain unsold under the Previous Registration Statement as of the date hereof. |
53M | 150M |
| Dec 02, 2022 |
8-K filing: AST SpaceMobile closed its offering of 13,636,364 shares of Class A Common Stock, raising gross proceeds of $75.0 million. ($75.0M proceeds) |
53M | 150M |
| Nov 14, 2022 |
10-Q filing | 53.2M shares outstanding |
53M | 150M |
| Oct 31, 2022 |
S-3 filing: This is an S-3 filing for the registration of up to $500,000,000 of various securities including Class A common stock, preferred stock, debt securities, warrants, depositary shares, subscription rights, purchase contracts and units. |
52M | 150M |
| Aug 15, 2022 |
10-Q filing | 51.9M shares outstanding |
52M | 150M |
| Jun 10, 2022 |
S-3 filing: The filing registers up to $500,000,000 of Class A common stock, preferred stock, and debt securities. |
52M | 150M |
| Jun 10, 2022 |
S-3/A filing: This prospectus relates to the offer and resale of up to 10,087,876 shares of Class A common stock by B. Riley Principal Capital, LLC, with the company potentially receiving up to $75,000,000 in aggregate gross proceeds from sales of Class A Common Stock to the Selling Stockholder. |
52M | 150M |
| Jun 10, 2022 |
S-3 filing: This S-3 filing relates to the resale of Class A Common Stock and warrants by Selling Stockholders. The company will not receive any proceeds from the offering. |
52M | 150M |
| May 23, 2022 |
S-1/A filing: This S-1/A filing registers for resale 10,087,876 shares of Class A Common Stock by a selling stockholder and indicates the company may sell up to $75,000,000 of Class A Common Stock under a purchase agreement. |
52M | 150M |
| May 16, 2022 |
10-Q filing | 51.9M shares outstanding |
52M | 140M |
| May 06, 2022 |
8-K filing: AST SpaceMobile, Inc. entered into a Common Stock Purchase Agreement with B. Riley Principal Capital, LLC, allowing the Company to sell up to $75,000,000 of newly issued shares of Class A common stock. |
52M | 140M |
| Mar 31, 2022 |
10-K filing | 51.8M shares outstanding |
52M | 140M |
| Nov 15, 2021 |
10-Q filing | 51.7M shares outstanding |
52M | 140M |
| Aug 16, 2021 |
10-Q filing | 51.7M shares outstanding |
52M | 140M |
| Jun 25, 2021 |
S-1 filing: This S-1 filing relates to the possible issuance of up to 141,538,066 shares of Class A common stock in exchange for units of ownership interest in AST & Science, LLC, and the possible resale of such shares by selling stockholders. |
52M | 140M |
| May 18, 2021 |
10-Q filing | 51.7M shares outstanding |
52M | 0 |
| May 13, 2021 |
S-1/A filing: This prospectus relates to the resale of Class A common stock and warrants by selling stockholders and the issuance of Class A Common Stock upon the exercise of outstanding public warrants. |
1.3M | 46M |
| May 06, 2021 |
S-1 filing: This prospectus relates to the resale of Class A common stock and warrants by selling stockholders and the issuance of shares of Class A common stock upon the exercise of outstanding public warrants. |
1.3M | 46M |
| Apr 12, 2021 |
8-K filing: The company completed a business combination and related agreements, including the sale of unregistered securities, amendments to the Certificate of Incorporation and Bylaws, and other agreements with equity holders. ($230.01M proceeds) |
1.3M | 0 |
| Mar 01, 2021 |
10-K filing | 1.3M shares outstanding |
1.3M | 0 |
| Nov 13, 2020 |
10-Q filing | 1.3M shares outstanding |
1.3M | 0 |
| Aug 13, 2020 |
10-Q filing | 1.3M shares outstanding |
1.3M | 0 |
| May 14, 2020 |
10-Q filing | 1.3M shares outstanding |
1.3M | 0 |
| Mar 30, 2020 |
10-K filing | 1.3M shares outstanding |
1.3M | 0 |