AST SpaceMobile, Inc. (NASDAQ: ASTS)

This lawsuit is for anyone who acquired securities in AST SpaceMobile, Inc. (NASDAQ: ASTS) from November 14, 2023 through April 1, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by knowing, but failing to timely disclose to investors that the Company was delaying the launch of five Block 1 BlueBird satellites.

On April 1, 2024, AST disclosed that it was delaying the launch of five Block 1 BlueBird satellites due to supplier delays. The Company estimated that the launch would take place around July or August 2024 instead of within the first quarter of 2024, as previously expected. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in AST SpaceMobile, Inc. (NASDAQ: ASTS) from November 14, 2023 through April 1, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.