ATLANTA, GA – – (Globe Newswire – September 15, 2026) – – A shareholder class action lawsuit has been filed against AST SpaceMobile, Inc. (“AST”) (NASDAQ: ASTS). The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts including allegations that: (i) AST’s increasing capital requirements were likely to increase its debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST’s capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST’s competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on AST’s business and financial prospects; and (vii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

 If you purchased AST shares between March 4, 2025 and July 15, 2026, and experienced a loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/ast-spacemobile/ for more information.

The deadline to ask the court to be appointed lead plaintiff in the case is November 13, 2026.