04:19 AM EDT, 10/22/2025 (MT Newswires) -- AST SpaceMobile ( ASTS ) said it plans to repurchase $50 million of its 4.25% convertible senior notes due 2032, funded by a direct stock offering of about 2 million class A shares to participating noteholders.

The company said that the move would eliminate $50 million in debt and about $13.5 million in future interest payments.

The transactions, expected to close around Oct. 29, will result in about 200,000 new shares being issued beyond those tied to the converted notes.

AST SpaceMobile ( ASTS ) said it did not alter its existing capped call agreements linked to the notes, which are designed to limit dilution.