AST SpaceMobile (NASDAQ: ASTS) Slides 31% On Convertible Raise And Satellite Delays — Analysts Hold Targets

AST SpaceMobile (NASDAQ: ASTS) Slides 31% On Convertible Raise And Satellite Delays — Analysts Hold Targets

AST SpaceMobile (NASDAQ: ASTS) closed at $58 on October 2, marking a 31% decline from its early July levels as a series of negative catalysts eroded investor confidence. The steepest single-session drop came on July 16, when shares lost 17% following a dual announcement that rattled markets and reset expectations for the company’s growth trajectory. On July 15, AST SpaceMobile disclosed a $1 billion convertible notes offering, a debt instrument …