ATLANTA, GA – – (Globe Newswire – April 18, 2024) – – A shareholder class action lawsuit has been filed against AST SpaceMobile, Inc. (“SpaceMobile” or the “Company”) (NASDAQ: ASTS). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) production of the Company’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) as a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites; and (3) as a result, the Company’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024.

If you bought SpaceMobile shares November 14, 2023 and April 1, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/spacemobile/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is June 17, 2024.