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AST SpaceMobile, Inc. (NASDAQ:ASTS), a space technology company whose stock has surged over 80% in the past six months according to InvestingPro data, completed its acquisition of EllioSat Ltd. from CCUR Holdings, Inc. on Thursday. The transaction, previously announced and governed by a share purchase agreement dated August 5, 2025, resulted in AST SpaceMobile acquiring 100% of the issued and outstanding equity interests in EllioSat.
As part of the agreement, AST SpaceMobile elected to make its first required payment of $26.0 million to CCUR Holdings in the form of 581,395 shares of AST SpaceMobile’s Class A common stock. These shares were issued to CCUR Holdings on the closing date. The issuance was conducted under an exemption from registration as provided by Section 4(a)(2) of the Securities Act of 1933.
In connection with the share issuance, AST SpaceMobile filed a prospectus supplement on Friday to register the offer and resale of the consideration shares. The supplement is related to the company’s registration statement on Form S-3, originally dated September 5, 2024.
The legal opinion regarding the validity of the share issuance was provided by McGuireWoods LLP and included as an exhibit to the company’s Form 8-K filing.
This information is based on a press release statement included in the company’s filing with the U.S. Securities and Exchange Commission.
In other recent news, AST SpaceMobile reported its second-quarter 2025 earnings, which revealed a significant shortfall in revenue. The company announced earnings per share of -$0.41, missing the forecasted -$0.21, resulting in a 95.24% negative surprise. Revenue fell short of expectations as well, coming in at $1.15 million compared to the anticipated $5.56 million, marking a 79.32% miss. Additionally, AST SpaceMobile completed the assembly of its first Block 2 BlueBird satellite, BlueBird 6, which is now undergoing final testing before shipment. The company has also received approval from the Federal Communications Commission to launch 20 satellites, subject to certain conditions. In analyst actions, William Blair initiated coverage on AST SpaceMobile with a Market Perform rating. These developments reflect the company’s ongoing activities and the challenges it faces in meeting financial expectations.
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