AST SpaceMobile, 2901 Enterprise Lane, Midland Spaceport Business Park, Midland, TX 79706, United States
Verizon
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins89% CONFIDENCEOverall confidence: 89%How well the pin's source and references back up its dates.Weighted average of how firmly 2 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
AST SpaceMobile's 8-K dated May 29, 2024 reports that "On May 23, 2024, the Company and Verizon ... entered into a Convertible Note and Memorandum of Understanding for an investment and commercial prepayment commitment totaling $100.0 million"; the pin is the day it was disclosed.[1]Verizon agreed to put $100 million into satellite-to-phone startup AST SpaceMobile: a $35 million convertible note plus $65 million of prepaid service payments, the second tied to regulatory approval and a definitive commercial agreement.
$100M
1.00