AST SpaceMobile, Inc. Class Action Lawsuit - ASTS

The filed complaint alleges that AST SpaceMobile, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) production of the Company’s five first generation of commercial satellites, Block 1 BlueBird satellites, had been negatively impacted by two suppliers of key subsystems; (2) a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites; (3) as a result, the Company’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the ASTS class action lawsuit, you must have incurred a loss on shares of AST SpaceMobile purchased during the class period listed above.