10:28 AM EDT, 10/07/2025 (MT Newswires) -- AST SpaceMobile ( ASTS ) said Tuesday in a regulatory filing it has agreed to sell up to $800 million class A common shares via an at-the-market offering program from time to time for up to three years.

Sales agents will be entitled to up to 3% of the gross sales price for any class A shares sold under the equity distribution agreement, the company said.

Net proceeds of $787.5 million will be used for general corporate purposes, the company said in a separate prospectus.

Shares of AST SpaceMobile ( ASTS ) fell 2.8% in recent trading.

Price: 70.84, Change: -2.06, Percent Change: -2.83