PROSPECTUS
SUPPLEMENT NO. 6
(to
prospectus dated May 14, 2021)
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Filed
pursuant to Rule 424(b)(3)
Registration No. 333-255842
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AST
SPACEMOBILE, INC.
28,750,000
SHARES OF CLASS A COMMON STOCK
6,100,000
WARRANTS TO PURCHASE SHARES OF CLASS A COMMON STOCK
17,600,000
SHARES OF CLASS A COMMON STOCK UNDERLYING WARRANTS
This
prospectus supplement is being filed to update and supplement the information contained in the prospectus dated May 14, 2021 (the “Prospectus”),
related to (i) the offer and sale, from time to time, by the selling stockholders identified in the Prospectus, or their permitted transferees,
of (a) an aggregate of 28,750,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”),
of AST SpaceMobile, Inc., a Delaware corporation, and (b) 6,100,000 warrants to purchase Class A Common Stock at an exercise price of
$11.50 per share (the “private placement warrants”) and (ii) the issuance by us of up to 17,600,000 shares of Class A Common
Stock upon the exercise of outstanding public warrants (the “public warrants”) and private placement warrants (collectively,
the “warrants”), with the information contained in our Current Report on Form 8-K, filed with the Securities and Exchange
Commission (“SEC”) on September 20, 2021 (the “Form 8-K”). Accordingly, we have attached the Form 8-K to this
prospectus supplement.
This
prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered
or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should
be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus
supplement, you should rely on the information in this prospectus supplement.
Our
shares of Class A Common Stock are listed on The Nasdaq Capital Market LLC (“Nasdaq”) under the symbol “ASTS.”
On September 20, 2021, the closing sale price per share of our Class A Common Stock was $11.55. Our public warrants are listed
on The Nasdaq Capital Market under the symbol “ASTSW.” On September 20, 2021, the closing sale price per warrant of our public
warrants was $4.18.
Investing
in shares of our Class A Common Stock or warrants involves risks that are described in the “Risk Factors” section beginning
on page 5 of the Prospectus.
Neither
the SEC nor any state securities commission has approved or disapproved of the securities to be issued under the Prospectus or determined
if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The
date of this prospectus supplement is September 21, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September
15, 2021
AST SpaceMobile, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
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001-39040
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84-2027232
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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Midland Intl. Air & Space Port
2901 Enterprise Lane
Midland, Texas
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79706
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(Address of principal executive offices)
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(Zip Code)
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(432) 276-3966
Registrant’s telephone number, including area
code
Not Applicable
(Former name or former address, if changed since last
report.)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Class A common stock, par value $0.0001 per share
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ASTS
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The Nasdaq Stock Market LLC
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Warrants exercisable for one share of Class A common stock at an exercise price of $11.50
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ASTSW
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective September 15, 2021,
Shanti Gupta has been appointed Chief Accounting Officer of AST SpaceMobile, Inc. (“AST SpaceMobile”) and will assume the
role of principal accounting officer. Rulfo Hernandez, the prior Chief Accounting Officer, assumed the role of Chief Financial Officer
– International Operations effective as of the same date.
Mr. Gupta has over 20 years of
experience in finance and accounting providing assurance and advisory services to Fortune 500 and private companies in North America,
Europe and Asia. Since 2014, Mr. Gupta has worked with Ernst & Young in New York where he has been a Partner and Managing Director
in the Financial Accounting Advisory Services group. Previously, he has worked with Deloitte & Touche in New York and with KPMG in
India. He is a licensed Certified Public Accountant in New York, and a Chartered Accountant from The Institute of Chartered Accountants
of India. He received his Bachelor of Commerce (Honors) from Shri Ram College of Commerce, Delhi University, India.
There is no arrangement or understanding
between Mr. Gupta and any other person pursuant to which he was selected as an officer of the Company, and there is no family relationship
between Mr. Gupta and any of the Company’s other directors or executive officers.
In connection with Mr. Gupta’s
appointment as the Company’s Chief Accounting Officer, Mr. Gupta entered into an offer letter with the Company, which will be filed
with the Company’s next Form 10-Q. The offer letter provides for a base salary of $250,000 and six months of severance in the event
of a termination without cause as well as customary reimbursement of relocation expenses. The Company granted Mr. Gupta (i) 200,000 restricted
stock units, each of which represents one share of the Company’s common stock (“RSUs”), vesting in four equal annual
installments beginning on the first anniversary of his employment commencement date and (ii) 50,000 RSUs, which vest on the basis of satisfaction
of certain stated performance criteria. Mr. Gupta will also enter into an Indemnification and Advancement Agreement with the Company,
in the form previously filed as an exhibit to the Company’s registration statements on Form S-1.
104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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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 hereunto
duly authorized.
Dated: September 17, 2021
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AST SPACEMOBILE, INC.
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By:
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/s/ Thomas Severson
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Name:
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Thomas Severson
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Title:
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Chief Financial Officer
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