AST SpaceMobile Stock (ASTS): Why The Price Fell Today

By Amit Chowdhry ● Dec 6, 2021
  • The stock price of AST SpaceMobile Inc (NASDAQ: ASTS) fell by over 12% pre-market today. This is why it happened.

The stock price of AST SpaceMobile Inc (NASDAQ: ASTS) fell by over 12% pre-market today. Investors appear to be responding negatively to what was filed in a recent Form 8-K filing from the company.

This is what the company wrote in the Form 8-K:

“As previously reported, on July 23, 2021, AST & Science LLC (“AST & Science”), a subsidiary of AST SpaceMobile, Inc., entered in an agreement with a launch service provider (the “Launch Agreement”) for its BlueWalker 3 test satellite. On November 30, 2021, as permitted under the terms of the Launch Agreement, AST & Science delivered a rebooking notice and paid a rebooking fee, seeking to rebook its launch window to Summer 2022 to provide additional time for BlueWalker 3 testing and final launch preparation.”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.