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    Amendment: SEC Form 10-Q/A filed by AST SpaceMobile Inc.

    9/12/25 5:14:23 PM ET
    $ASTS
    Telecommunications Equipment
    Consumer Discretionary
    Get the next $ASTS alert in real time by email
    10-Q/A
    Q2true461 days0001780312--12-3100017803122025-01-012025-06-300001780312asts:DrHuiwenYaoMember2025-06-300001780312asts:DrHuiwenYaoMember2025-04-012025-06-300001780312us-gaap:CommonClassAMember2025-08-070001780312us-gaap:CommonClassCMember2025-08-070001780312us-gaap:CommonClassBMember2025-08-0700017803122025-04-012025-06-30xbrli:shares

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 10-Q/A

    (Amendment No. 1)

     

    (Mark One)

     

    ☒

    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    For the quarterly period ended June 30, 2025

     

    OR

     

    ☐

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    For the transition period from to

     

    Commission File No. 001-39040

     

    AST SPACEMOBILE, INC.

    (Exact name of registrant as specified in its charter)

     

     

    Delaware

    84-2027232

    (State or other jurisdiction of

    incorporation or organization)

    (I.R.S. Employer

    Identification No.)

    Midland Intl. Air & Space Port

     

    2901 Enterprise Lane

    Midland, Texas

    79706

    (Address of principal executive offices)

    (Zip Code)

     

    (432) 276-3966

    (Registrant’s telephone number, including area code)

     

    (Former name, former address and former fiscal year, if changed since last report)

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading Symbol(s)

     

    Name of each exchange on which registered

    Class A common stock, par value $0.0001 per share

     

    ASTS

     

    The Nasdaq Stock Market LLC

    Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

    Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    Large accelerated filer

    ☒

     

    Accelerated filer

    ☐

     

     

     

     

     

    Non-accelerated filer

    ☐

     

    Smaller reporting company

    ☐

     

     

     

     

     

    Emerging growth company

    ☐

     

     

     

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ☐ No ☒

     

    As of August 7, 2025 there were 269,127,705 shares of Class A common stock, $0.0001 par value, 11,227,292 shares of Class B common stock, $0.0001 par value, and 78,163,078 shares of Class C common stock, $0.0001 par value, issued and outstanding.

     

     


     

    EXPLANATORY NOTE

    AST SpaceMobile, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2025, which was originally filed with the Securities and Exchange Commission (the “SEC”) on August 11, 2025 (the “Original Filing”). This Amendment is being filed to revise Part II “Item 5. Other Information” by adding a Rule 10b5-1 trading arrangement entered into by Dr. Huiwen Yao, the Company’s Chief Technology Officer, during the quarter ended June 30, 2025, which was inadvertently omitted from the disclosure included in the Original Filing.

     

    In addition, as required by Rule 12b-15 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment, under Part II “Item 6. Exhibits” hereof, pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. The Company is also not including new certifications under Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) (Section 906 of the Sarbanes-Oxley Act of 2002), as no financial statements are being filed with this Amendment.

     

    Other than as expressly set forth herein, this Amendment does not, and does not purport to, amend, update or restate the information in the Original Filing or reflect any events that have occurred after the Original Filing was made. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time as of which the Original Filing was made. No changes have been made to the financial statements of the Company as contained in the Original Filing. Accordingly, this Amendment should be read together with the Original Filing and the Company’s other filings with the SEC.

    i


     

    PART II – OTHER INFORMATION

    Item 5. Other Information.

     

    Director and Executive Officer Trading Plans

     

    In the quarter ended June 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and/or any non-Rule 10b5-1 trading arrangement for the purchase or sale of our securities, within the meaning of Item 408 of Regulation S-K, except as follows:


    On June 12, 2025, Dr. Huiwen Yao, the Company’s Executive Vice President, Chief Technology Officer, entered into a Rule 10b5-1 sales plan (the “Yao 10b5-1 Sales Plan”) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act for the sale of up to 160,000 shares of the Company’s Class A Common Stock. The Yao 10b5-1 Sales Plan will remain in effect until the earlier of (1) September 16, 2026, (2) the date on which all trades set forth in the Yao 10b5-1 Sales Plan have been executed, or (3) such time as the Yao 10b5-1 Sales Plan is otherwise terminated according to its terms.

     

     

    ii


     

    Item 6. Exhibits

     

    The following exhibits are filed as part of, or incorporated by reference into, this Amendment.

    31.1*

    Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

    31.2*

    Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

    101.INS

    Inline XBRL (“iXBRL”) for the information under Part II, Item 5, “Other Information” of this Amendment No. 1 on Form 10-Q/A

    104

     

    Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

    * Filed herewith

    iii


     

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     

    AST SPACEMOBILE, INC.

    Date: September 12, 2025

    By:

    /s/ Abel Avellan

    Name:

    Abel Avellan

    Title:

    Chairman and Chief Executive Officer

    Principal Executive Officer

    Date: September 12, 2025

    By:

    /s/ Andrew M. Johnson

    Name:

    Andrew M. Johnson

    Title:

    Chief Financial Officer and Chief Legal Officer

    Principal Financial Officer

     

     

    4


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