AST SpaceMobile (NASDAQ: ASTS) is raising money and facing shareholder backlash. Shares fell 18.9% this week, according to S&P Global Market Intelligence. The company plans to repurchase $300 million of existing convertible senior notes and offer $1 billion in new notes due in 2036, leading to concerns among investors.

The move will remove $300 million of debt but result in 1.15 million additional shares. AST SpaceMobile still needs capital to complete its satellite array for broadband services. The company plans to use the capital to accelerate global spectrum deployment and pursue future growth opportunities.

Shareholders may see negative impacts, with shares already down 32.5% from highs. The company warned of potential volume impacts as note holders may need to buy or sell AST stock to cover derivative transactions. Consider the risks before investing in AST SpaceMobile.

The Motley Fool Stock Advisor team identified the 10 best stocks to buy now, excluding AST SpaceMobile. These stocks have the potential to produce significant returns in the future. Past recommendations for companies like Netflix and Nvidia have yielded impressive returns for investors.

Read more at Yahoo Finance: Why AST SpaceMobile Stock Sank Almost 20% This Week