AST SpaceMobile has announced the redemption of all outstanding public warrants to purchase Class A common stock at $0.01 per warrant, with the redemption date set for September 27, 2024. The decision comes after meeting the stock price condition, where shares traded above $18.00 for twenty trading days within a thirty-day period.Warrant holders can exercise their warrants until 5:00 PM NYC time on the redemption date at $11.50 per share. The public warrants, trading under symbol "ASTSW," will cease trading on Nasdaq at the redemption deadline. Any unexercised warrants will become void after the deadline, with holders only entitled to receive the $0.01 redemption price.The redemption does not affect warrants issued in private placement. On August 27, 2024, the company's stock closed at $31.11, while the public warrants traded at $19.62.

AST SpaceMobile has announced the redemption of all outstanding public warrants to purchase Class A common stock at $0.01 per warrant, with the redemption date set for September 27, 2024. The decision comes after meeting the stock price condition, where shares traded above $18.00 for twenty trading days within a thirty-day period.Warrant holders can exercise their warrants until 5:00 PM NYC time on the redemption date at $11.50 per share. The public warrants, trading under symbol "ASTSW," will cease trading on Nasdaq at the redemption deadline. Any unexercised warrants will become void after the deadline, with holders only entitled to receive the $0.01 redemption price.The redemption does not affect warrants issued in private placement. On August 27, 2024, the company's stock closed at $31.11, while the public warrants traded at $19.62.