AST SpaceMobile shares are trading lower after the company launched a12 million share offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
AST SpaceMobile has announced a 12 million share offering of common stock, leading to a decrease in its share price.
June 27, 2023 | 8:35 pm
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AST SpaceMobile's share price is expected to be negatively impacted in the short term due to the dilution caused by the new share offering.
The launch of a new share offering often leads to a decrease in a company's share price due to dilution. As AST SpaceMobile has launched a 12 million share offering, this has increased the number of shares in circulation, diluting the value of existing shares and leading to a decrease in the share price.
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