Jul. 3 at 11:38 AM
$ASTS $TRIN
AST SpaceMobile secures additional
$100M of liquidity from equipment financing
AST SpaceMobile (ASTS) announced the closing of a
$100.0 million equipment financing facility led by Trinity Capital (TRIN), a leading alternative asset manager. This non-dilutive financing is designed to support AST SpaceMobile's accelerated manufacturing and network deployment goals during 2025 and 2026.
"This new non-dilutive financing enables AST SpaceMobile to continue its strong momentum executing against its accelerated operational plans," said Andrew Johnson, Chief Financial Officer of AST SpaceMobile. "This facility is the first such type of financing agreement for the company and reflects our stage of rapid growth and transition from Research & Development to full-scale manufacturing and network deployment."
