AST SpaceMobile Signs an Agreement with Verizon for Direct Satellite Mobile Services

At AST SpaceMobile (ASTS) , events are now accelerating. On Tuesday (October 7), there was a short-term setback. The stock was downgraded by Scotiabank from Sector Perform to Underperform, with a price target of $42.90. The company had previously announced that it had entered into an Equity Distribution Agreement with several investment banks. Under this agreement, AST SpaceMobile can offer Class-A shares worth up to $800 million in a staggered manner through these banks. The goal is to raise capital for corporate projects. The company aims to...