02:09 PM EDT, 09/05/2024 (MT Newswires) -- AST SpaceMobile ( ASTS ) shares slid nearly 17% in recent trading Thursday after it disclosed a potential at-the-market offering of up to $400 million of its class A common stock.

The company also filed a prospectus supplement on Thursday that covers an equity distribution agreement with a syndicate of agents for the potential sale of shares worth up to $400 million.

Price: 27.50, Change: -5.58, Percent Change: -16.86