AST SpaceMobile, Inc. (ASTS) secured an additional $100 million in equipment financing to support network deployment and manufacturing goals. The facility provides long-term liquidity through 2031, with $25 million already drawn against past equipment purchases. The financing will use planned and existing equipment as collateral, fitting into a mature capital structure.

Chief Financial Officer Andrew Johnson stated the facility allows AST SpaceMobile to continue executing against accelerated operational plans, transitioning from Research & Development to full-scale manufacturing and network deployment. The non-dilutive financing reflects the company’s rapid growth stage and provides flexibility for future debt capital and continued growth.

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Read more at Yahoo Finance: AST SpaceMobile, Inc. (ASTS) Secures Additional $100M Liquidity From Non-Dilutive Equipment Financing