AST SpaceMobile, a company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, announced the closing of a $100.0 million equipment financing facility led by Trinity Capital. 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.”

This non-dilutive financing provides an additional $100.0 million of long-term liquidity, including $25.0 million drawn at closing against previously purchased equipment, available through 2031. The facility uses existing and planned equipment as collateral and is designed to fit into a more mature, long-term capital structure, facilitating future debt capital, enabling flexibility and facilitating continued growth.

The company’s capital structure continues to mature through a robust funding strategy, demonstrated by the successful convertible note issuance in January 2025, the retirement of approximately half the convertible notes after a share price increase of over 100% within six months, the diligent and prudent use of the 2025-issued At-the-Market facility, while concluding the second quarter with over $900.0 million in cash, cash equivalents, and restricted cash.

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