Did You Purchase or Otherwise Acquire AST SpaceMobile Securities Between March 4, 2025 and July 15, 2026?

A securities class action has been filed on behalf of investors who purchased or otherwise acquired securities of AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) (NASDAQ: ASTS) between March 4, 2025 and July 15, 2026, inclusive (the “Class Period”).

The action is captioned Hunter v. AST SpaceMobile, Inc., et al., Case No. 7:26-cv-00378, and was filed on September 14, 2026 in the U.S. District Court for the Western District of Texas, Midland/Odessa Division. The action seeks to recover damages caused by Defendants’ alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

What Does the Complaint Allege?

The complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) AST SpaceMobile’s increasing capital requirements were likely to increase the Company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (2) Defendants overstated the sufficiency of the Company’s capital and liquidity position to achieve its strategic and business goals; (3) Defendants overstated the durability of AST SpaceMobile’s competitive position in the satellite direct-to-cellular market and, even following the EchoStar Transaction, continued overstating the Company’s competitive position; (4) AST SpaceMobile was experiencing slow user adoption in the U.S. and Japan; and (5) the foregoing was likely to have a significant negative impact on the Company’s business and financial prospects.

ASTS Stock Declines Following Disclosures

The complaint alleges that the truth about AST SpaceMobile’s business and financial prospects emerged through a series of disclosures during the Class Period. On January 6, 2026, Scotiabank downgraded AST SpaceMobile to a “Sell” recommendation, citing, among other things, significant competition from Starlink and evidence of slow user adoption in the U.S. and Japan. AST SpaceMobile’s Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.

The complaint further alleges that on July 15, 2026, AST SpaceMobile announced its intent to offer another $1.0 billion aggregate principal amount of convertible senior notes due 2034, with an option to purchase up to an additional $150 million aggregate principal amount of notes. Following the disclosures, AST SpaceMobile’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.

November 13, 2026 Lead Plaintiff Deadline

The deadline to seek appointment as lead plaintiff is November 13, 2026. You do not need to seek appointment as lead plaintiff to remain a member of the proposed class.

AST SpaceMobile Investors: Contact Kehoe Law Firm

If you purchased or otherwise acquired AST SpaceMobile securities between March 4, 2025 and July 15, 2026, inclusive, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form  or send us a message to discuss your potential legal rights.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

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