The Law Offices of Frank R. Cruz Announces Investigation of AST SpaceMobile, Inc. (ASTS) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of AST SpaceMobile, Inc. (“AST” or the “Company”) (NASDAQ: ASTS) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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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, AST’s stock price fell $0.62, or 23.6%, to close at $2.01 per share on April 2, 2024, thereby injuring investors.

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If you purchased AST securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240405106640/en/

The AST SpaceMobile Registered (A) Stock at the time of publication of the news with a fall of -1,11 % to 2,225USD on Nasdaq stock exchange (05. April 2024, 21:09 Uhr).