AST SpaceMobile Stockholders Should Brace for Serious Share Dilution

After going from $5 a share at the start of the year to less than half that by May to an all-time high north of $38 a share back in August, would-be satellite communications stock AST SpaceMobile (NASDAQ: ASTS) has taken its shareholders on a wild, wild ride in 2024.But buckle up, investors: This ride is far from over and it could get even bumpier in the quarters to come.By now you've likely heard the news. Two weeks ago, AST SpaceMobile management informed investors that it plans to "redeem all of its publicly traded warrants to purchase shares of Class A common stock." One week later, AST advised that it has already received $71 million from this warrant redemption, and anticipates collecting $84 million more. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool